Tata Steel informed BSE that it would consider a proposal for sub-division of the Equity shares of the Company having a face value of INR 10 each, in such manner as may be determined by the Board of Directors, subject to regulatory & statutory approvals as may be required and the approval of the shareholders of the Company at the board meeting on 3 May 2022.Companies split a stock to increase the number of outstanding shares with a view to boost the stock’s liquidity. Although the number of shares outstanding increase by a specific multiple, the share price drops in proportion to that multiple. Therefore, the split does not make the company more valuable. While the net value of an existing shareholder’s stock doesn’t change with a split, the smaller face value of the stock can attract fresh demand from investors. Essentially, the stock becomes more ‘affordable’ allowing more investors to buy the shareThe board meeting would alsoTake on record the audited Standalone and unaudited Consolidated financial statements and results for the quarter ended March 31, 2022Take on record the audited Standalone and Consolidated financial statements and results for the financial year ended March 31, 2022Recommend dividend, if any, for the financial year ended March 31, 2022
Tata Steel informed BSE that it would consider a proposal for sub-division of the Equity shares of the Company having a face value of INR 10 each, in such manner as may be determined by the Board of Directors, subject to regulatory & statutory approvals as may be required and the approval of the shareholders of the Company at the board meeting on 3 May 2022.Companies split a stock to increase the number of outstanding shares with a view to boost the stock’s liquidity. Although the number of shares outstanding increase by a specific multiple, the share price drops in proportion to that multiple. Therefore, the split does not make the company more valuable. While the net value of an existing shareholder’s stock doesn’t change with a split, the smaller face value of the stock can attract fresh demand from investors. Essentially, the stock becomes more ‘affordable’ allowing more investors to buy the shareThe board meeting would alsoTake on record the audited Standalone and unaudited Consolidated financial statements and results for the quarter ended March 31, 2022Take on record the audited Standalone and Consolidated financial statements and results for the financial year ended March 31, 2022Recommend dividend, if any, for the financial year ended March 31, 2022
