Description
Tourism Finance Corporation of India Ltd announces sub-division of equity shares from Rs. 10 each to five shares of Rs. 2 each 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, effective September 19, 2025.
Key Points
- Company: Tourism Finance Corporation of India Ltd (Scrip Code: 526650)
- Record Date: September 19, 2025
- Sub-division ratio: 1 share of Rs. 10 becomes 5 shares of Rs. 2 each
- Current ISIN (INE305A01015) for Rs. 10 shares becomes invalid from September 19, 2025
- New ISIN for Rs. 2 shares to be announced 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 and ensure proper handling of transactions post-subdivision date. The company has set the record date for determining shareholders eligible for the sub-division.
Important Dates
- Record Date: September 19, 2025
- Effective Date: September 19, 2025
- Notice Date: September 9, 2025
Impact Assessment
This corporate action will increase the number of shares outstanding by a factor of five while reducing the face value proportionally. The sub-division typically aims to improve liquidity and make shares more affordable for retail investors. Trading systems will need to be updated to reflect the new share structure and ISIN number.
Impact Justification
Corporate action affecting share structure and ISIN number, requiring investor attention for trading purposes