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Tata Steel board to consider split of equity shares on May 3

On May 3, Tata Steel board will also consider the company's quarterly and annual earnings at the meeting along with a dividend payout

Tata Steel
Tata Steel board will also consider the company’s quarterly and annual earnings at the meeting along with a dividend payout
Bloomberg
1 min read Last Updated : Apr 17 2022 | 11:12 PM IST
The board of Tata Steel Ltd. will consider a proposal to split its equity shares bearing a face value of Rs 10 apiece, the steelmaker said in an exchange filing.

The decision will be subject to regulatory, statutory and shareholder approvals, the company said, without providing details such as the split ratio. Shares of the company last traded at Rs 1,319.5 in Mumbai on April 13. Indian markets were shut on Thursday and Friday for local holidays. 

Tata Steel board will also consider the company’s quarterly and annual earnings at the meeting along with a dividend payout, it said.

Topics :Tata SteelStock Split

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