Description
Tourism Finance Corporation of India Ltd announces sub-division of equity shares from Rs. 10 per share to Rs. 2 per share with record date September 19, 2025.
Summary
Tourism Finance Corporation of India Ltd (Scrip Code: 526650) has announced a sub-division 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.
Key Points
- Company: Tourism Finance Corporation of India Ltd (Scrip Code: 526650)
- Sub-division ratio: 1 share of Rs. 10 becomes 5 shares of Rs. 2
- Record date: September 19, 2025
- Effective date: September 19, 2025
- Current ISIN (INE305A01015) for Rs. 10 shares will become invalid from September 19, 2025
Regulatory Changes
- Existing ISIN No. INE305A01015 for Rs. 10 paid-up shares will not be valid for exchange transactions from September 19, 2025
- New ISIN number for Rs. 2 paid-up shares will be communicated through separate notice
Compliance Requirements
- Trading members must note the change in share structure
- All transactions must use new share denomination from effective date
- Investors holding shares in demat form will automatically receive subdivided shares
Important Dates
- Record Date: September 19, 2025
- Effective Date: September 19, 2025
- ISIN Validity: Current ISIN invalid from September 19, 2025
Impact Assessment
This is a neutral corporate action that increases the number of shares while proportionally reducing the face value. Existing shareholders will receive 5 shares for every 1 share held, maintaining their proportional ownership. The action may improve liquidity by reducing the absolute share price and making shares more accessible to retail investors.
Impact Justification
Corporate action affects share structure but is routine administrative change for existing shareholders