Tata Steel to consider proposal to split equity shares on May 3

CBCIE Time：Apr 18, 2022 09:39 Source：mining

The board of Tata Steel Ltd will, on May 3, consider a proposal to split the stock and also recommend a dividend, the Indian steelmaker said in a statement on Sunday.

Without specifying the ratio of the stock split, it said the meeting on May 3 would consider a sub-division of the shares with a nominal value of 10 Indian rupees each.

The split would be subject to regulatory and statutory approvals.

On May 3, the company will also announce results for the quarter that ended March 31, the company said.

Tata Steel closed at 1,319.5 rupees a share on Wednesday. Indian equity markets were closed on Thursday and Friday.

Key Words:

Asia iron ore

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