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Tata's 1:10 stock split cut share price 90% but kept value unchanged, boosting liquidity.
Tata Investment Corporation Ltd executed a 1:10 stock split on October 14, reducing the face value per share from Rs 10 to Re 1 and increasing shares outstanding, which caused the share price to drop 90% from around Rs 9,949 to Rs 1,056—though the company’s market capitalization and investor value remained unchanged.
The split, effective as of the record and ex-date, aims to improve liquidity and accessibility for retail investors.
Trading platforms initially displayed unadjusted prices, creating a misleading impression of a sharp decline.
The company reported an 11.6% year-on-year profit rise in its latest quarter.
The move aligns with broader market dynamics, including Tata Sons’ potential public listing, which remains pending under RBI rules.
La división de acciones 1:10 de Tata redujo el precio de las acciones en un 90%, pero mantuvo el valor sin cambios, impulsando la liquidez.