Shares of Tata Investment Corporation Ltd will turn ex-date for stock split today. The Tata group stock will split from face value of Rs 10 each into shares with face value of Re 1 each. Today is also the record date for the purpose of determining the eligibility of shareholders for subdivision of shares. Advertisement

Ahead of the stock split, Tata Investment Corporation shares settled at Rs 9,949 apiece on NSE, up 7 per cent.

A stock split divides already-owned shares into smaller units of lower face value to improve liquidity. In Tata Investment's case, the 1:10 split means each share will be split into 10 shares, with the face value reduced from Rs 10 to Re 1. Dividend entitlement will shrink proportionally, while share capital and reserves remain unchanged. Some trading apps co

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