Tata Coffee gains on fixing record date for stock split
The company has fixed January 27, 2015 as the record date for stock split from Rs 10 per share to Re 1 per share.
 "Tata Coffee gains on fixing record date for stock split")
Shares of Tata Coffee were trading higher by 3.5% to Rs 982 on NSE in otherwise weak market after the company announced it has fixed January 27, 2015 as the record date for the purpose of sub-division of equity shares from the face value of Rs 10 per share to Re 1 per share.
The stock opened at Rs 957 and hit a high of Rs 998 on NSE. The trading volumes on the counter surged an over five-fold with a combined 254,809 shares changed hands till 1322 hours on NSE and BSE. The benchmark CNX Nifty was down 0.48% at 8,259 points at 1321 hours.
The stock opened at Rs 957 and hit a high of Rs 998 on NSE. The trading volumes on the counter surged an over five-fold with a combined 254,809 shares changed hands till 1322 hours on NSE and BSE. The benchmark CNX Nifty was down 0.48% at 8,259 points at 1321 hours.