Tata Steel to Consider Share Split on May 3

The board of Indian steelmaker Tata Steel will consider the share split proposal at its general meeting of shareholders on May 3, 2022. The Board of Directors will discuss quarterly and annual profits, as well as the issue of paying dividends. it is reported by BLOOMBERG.

Tata Steel shares traded at Rs 1,319.5 ($17.29) in Mumbai on Wednesday, April 13. Indian markets were closed on Thursday and Friday due to local holidays. According to the company's representatives, the par value of the paper after the split will drop to 10 rupees ($0.13) per lot.

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