Tata Steel Stock split of equity shares
~ The ex-date for sub-division of the equity shares of the Company is July 28, 2022 ~
The Board of Directors of Tata Steel Limited, at its meeting held on May 3, 2022, had, in order to provide enhanced liquidity in the capital market through widening shareholder base and to make it more affordable for small investors, recommended the sub-division of the Ordinary (equity) Shares of face value ₹10/- (Rupees Ten) each into Ordinary (equity) Shares of face value of ₹1/- (Rupee one) each.
The shareholders of Tata Steel Limited at the 115th Annual General Meeting of the Company held on June 28, 2022, had approved the sub-division of the Ordinary (equity) Shares of face value ₹10/- (Rupees Ten) each into Ordinary (equity) Shares of face value of ₹1/- (Rupee one) each.
Tata Steel has fixed July 29, 2022 as the record date for the purpose of sub-division of Ordinary (equity) Shares.
The ex-date for sub-division of the Ordinary (equity) Shares of the Company is July 28, 2022. The new Ordinary (equity) Shares of the Company of face value ₹1/- each will start trading from the ex-date.
About Tata Steel
Tata Steel group is among the top global steel companies with an annual crude steel capacity of 34 million tonnes per annum. It is one of the world's most geographically diversified steel producers, with operations and commercial presence across the world. The group recorded a consolidated turnover of US $ 32.83 billion in the financial year ending March 31, 2022.
A Great Place to Work-CertifiedTM organisation, Tata Steel Limited, together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 65,000. Tata Steel has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked amongst top 10 steel companies in the DJSI Corporate Sustainability Assessment since 2016. Besides being a member of ResponsibleSteelTM, worldsteel’s Climate Action Programme and World Economic Forum’s Global Parity Alliance, Tata Steel has won several awards and recognitions including the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar and IJmuiden Plants, and Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17. The Company, ranked as India’s most valuable Metals & Mining brand by Brand Finance, featured amongst CII Top 25 innovative Indian Companies in 2021 and top 10 sustainable organisations of India Hurun Research Institute in the 2021 Capri Global Capital Hurun India Impact 50, received Steel Sustainability Champion recognition from worldsteel for five years in a row, ‘Most Ethical Company’ award 2021 from Ethisphere Institute, RIMS India ERM Award of Distinction 2021, Masters of Risk - Metals & Mining Sector recognition at The India Risk Management Awards for the sixth consecutive year, and Award for Excellence in Financial Reporting FY20 from ICAI, among several others.
Statements in this press release describing the Company’s performance may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand/ supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/ or other incidental factors.
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