This Company Announces 1:10 Stock Split - Check Record Date And Other Details

this company announces 1:10 stock split – check record date and other details

Tiger Logistics India, a global logistics player a major export of cargo projects, on Saturday announced a stock split in the ratio of 1:10.

The company said the move will increase the liquidity of stock so that small shareholders/investors can also buy its shares.

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It has fixed Mach 4 as the record date to subdivide each share having a face value of Rs 10 into 10 shares, the logistics player said in an exchange filing.

The revised face value of each share would be Re 1, the company said.

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This Company Trading Under Rs 5 Announces Rs 20 Dividend – Know Record Date And Other Details

“Under Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that pursuant to the shareholders’ approval obtained through postal ballot on 10th February 2024, the Board of Directors of the Company has fixed Record Date as mentioned below in the table for sub-division/split of 1 (one) Equity Share of the Company having a face value of Rs. 10/- each into 10 (Ten) Equity shares of the company having face value of Re. 1 each.” company said in filing on BSE.

On Friday, Tiger Logistics (India) shares closed 2.92 per cent higher at Rs 809.35 on the BSE. The 52-week high and low of the share are Rs 870 and Rs 335 respectively.

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(The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money related decisions.)