Description
Tourism Finance Corporation of India Ltd will subdivide its equity shares from Rs. 10/- each into five equity shares of Rs. 2/- each with record date September 19, 2025.
Summary
Tourism Finance Corporation of India Ltd (Scrip Code: 526650) has announced the subdivision of its equity shares. Each existing equity share of Rs. 10/- face value will be subdivided into five equity shares of Rs. 2/- face value each, effective September 19, 2025.
Key Points
- Company: Tourism Finance Corporation of India Ltd (Scrip Code: 526650)
- Subdivision ratio: 1 share of Rs. 10/- into 5 shares of Rs. 2/- each
- Record date: September 19, 2025
- Effective date: September 19, 2025
- Current ISIN (INE305A01015) will become invalid from September 19, 2025
- New ISIN for Rs. 2/- shares to be notified separately
Regulatory Changes
The existing ISIN Number INE305A01015 for Rs. 10/- paid-up shares will not be valid for exchange transactions on or after September 19, 2025. A new ISIN number for the Rs. 2/- paid-up shares will be communicated through a separate notice.
Compliance Requirements
- Trading members must note the change in share structure
- Transactions in the old ISIN will not be permitted from September 19, 2025
- Members should prepare for trading with new ISIN once notified
Important Dates
- Record Date: September 19, 2025
- Effective Date: September 19, 2025
- Last Trading Date for Old ISIN: September 18, 2025
Impact Assessment
This subdivision will increase the number of shares outstanding by 5 times while reducing the face value proportionally. The action typically aims to improve liquidity and make shares more accessible to retail investors. Trading will require transition to new ISIN post-subdivision date.
Impact Justification
Share subdivision affects share structure and trading but is routine corporate action