 "Tata Steel board to consider split of equity shares on May 3")
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.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%