However, the stock split is subject to the approval of company's shareholders which is proposed to be obtained through postal ballot and e-voting, the company said in a BSE filing.
Stock split or sub-division of equity shares is usually done by the companies with the purpose of infusing liquidity by making shares affordable for retail investors who could not invest earlier because of the high stock price.
Tata Coffee had reported manifold increase in consolidated net profit at Rs 32.36 crore for the second quarter ended September 30, on account of better performance by the company's US subsidiary.
Shares of the company today closed at Rs 977.25 apiece on BSE up by 0.62 per cent.
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