Tata Investment Shares Soar To 18-Month High After Company Locks Record Date For Stock Split
Tata Investment has fixed Oct. 14 as the record date for its 1:10 stock split.
Tata Investment Corporation Ltd.'s share price rose as much as 13.31% to Rs 8,250 to touch an 18-month high on Tuesday, according to NSE data. The company had announced the record date of stock split on Monday, fixing it as Oct. 14, 2025.
On Aug. 4, the company had announced that it has approved the plan to split its stock in the ratio of 1:10. Accordingly, the stocks of Rs 10 per share face value will be reduced to Rs 1 per share face value.
"Existing 1 (one) Equity Share of face value Rs. 10/- (Rupees Ten only) each, be sub-divided into 10 (ten) Equity Shares having face value of Rs. 1/- (Rupee One only) each, fully paid-up," the filing stated.
The rationale behind the stock split is to enhance the liquidity of company's equity shares and to encourage participation of retail investors by making equity shares more affordable, it further said.
The record date determines shareholder eligibility to qualify for the corporate action.
Under India's T+1 settlement cycle, shares purchased on the record date itself will not qualify for the stock split. Hence, if the record date is Sept. 22, then shares must be purchased by Sept. 19.
The ex-date, which typically coincides with the record date, marks when the share price adjusts to reflect the share subdivision.
Tata Investment Share Price Today
The scrip rose as much as 13.31% to Rs 8,250 apiece, the highest level since March 2024. It pared gains to close 10.37% higher at Rs 8,036, as compared to 0.13% decline in the benchmark Nifty 50 index.
The company's share price has risen around 19% on a year-to-date basis, and is up about 17% in the last 12 months.
