The board of Tata Steel Ltd will on May 3 consider a proposal to split the stock and also recommend a dividend, the Indian steel maker said in a statement on Sunday.
Without specifying the ratio of the stock split, it said the meeting on May 3 would consider a sub-division of the shares with a nominal value of 10 Indian rupees each.
The split would be subject to regulatory and statutory approvals.
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On May 3, the company will also announce results for the quarter ended March 31, the company said.
Tata Steel closed at 1,319.5 rupees a share on Wednesday. Indian equity markets were closed on Thursday and Friday.
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