One of the big focus areas for investors this morning is Tata Investment Corporation . This Tata Group company has announced its first-ever stock split, set for October 14, giving shareholders more shares while keeping the overall investment value unchanged.
Let’s take a look at what investors need a know about this Tata Group company first-ever stock split –
Tata Investment stock split: The split ratio
The stock split will follow a 1:10 ratio. In simple terms, this means that every existing share with a face value of Rs 10 will be divided into 10 new shares with each carrying a face value of Rs 1.
Furthermore, it is also important to understand that the total value of holdings for investors remains the same. The number of shares in circulation will increase tenfold.
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