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Tata Investment Corporation announced a 1:10 stock split to boost liquidity and attract retail investors.
Tata Investment announces first ever stock spilt in the ratio of 1:10.
Stock Split: The board of Tata Investment Corporation Limited on Monday announced its first-ever stock split in the ratio of 1:10, along with its quarterly earnings for FY2025-26. In the filing, Tata Investment Corporation said the split of stocks aims to “enhance the liquidity of the Company’s equity shares and to encourage participation of retail investors by making equity shares of the company more affordable.”
“1:10 i.e., existing 1 (one) Equity Share of face value Rs. 10/- (Rupees Ten only) each, be sub-divided into 10 (ten) Equity Shares having face value of Rs. 1/- (Rupee One only) each, fully paid-up,” the company said in the filing.
The Record Date for the purpose of the sub-division of equity shares will be intimated after taking aforesaid approval of the Shareholders of the Company and the same will be intimated in due course.
Tata Investment Corporation Q1 Results
Revenue from Operations stood at Rs 145.46 crore, marking a year-on-year decline of 15.1% compared to Rs 171.39 crore in Q1 FY25.
(Primarily due to lower dividend income from long-term investments.)
Net Profit (Profit After Tax) rose to Rs 146.30 crore, registering a 16.6% increase from Rs 125.42 crore in the same quarter last year.
(Boosted by higher share of profits from associates and controlled expenses.)
Earnings Per Share (EPS) stood at Rs 28.92 for Q1 FY26, up from Rs 24.78 in Q1 FY25—an increase of 16.7%.
EBITDA (approximated) came in at Rs 135.13 crore, compared to roughly Rs 113.7 crore in the previous year—a growth of about 18.8% YoY.
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Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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