Description
BSE announces new ISIN number INE672A01026 for Tata Investment Corporation following equity share sub-division from Rs.10/- to Re.1/-, effective October 14, 2025.
Summary
BSE has issued notice No. 20251007-12 regarding the assignment of a new ISIN number for Tata Investment Corporation Ltd (Scrip Code: 501301) following the sub-division of equity shares. The new ISIN INE672A01026 will become effective for trades executed on and from the ex-date of October 14, 2025. This is a continuation of Exchange Notice No. 20250924-73 dated September 24, 2025.
Key Points
- New ISIN Number: INE672A01026
- Company: Tata Investment Corporation Ltd (Scrip Code: 501301)
- Corporate Action: Sub-division of equity shares from Rs.10/- to Re.1/- (1:10 split)
- Ex-Date: October 14, 2025
- Document Reference: DR-735/2025-2026
- Notice issued by: Marian Dsouza, Assistant Vice President – Listing Operations (CRD)
Regulatory Changes
No new regulatory changes. This notice implements a standard corporate action procedure for ISIN assignment following share sub-division as per existing BSE listing requirements.
Compliance Requirements
- Trading members must update their systems to recognize the new ISIN INE672A01026 for trades executed on or after October 14, 2025
- All trades from the ex-date onwards must use the new ISIN for equity shares of Re.1/- each
- Market participants should ensure proper mapping of old and new ISIN in their trading and settlement systems
Important Dates
- October 7, 2025: Notice date
- October 14, 2025: Ex-date - New ISIN becomes effective for trading
- September 24, 2025: Date of initial notice (No. 20250924-73) regarding the sub-division
Impact Assessment
Market Impact: Medium - The share sub-division from Rs.10/- to Re.1/- (1:10 ratio) will result in increased liquidity and lower per-share price, making the stock more accessible to retail investors. Existing shareholders will receive 10 shares for every 1 share held.
Operational Impact: Trading members and market participants must update their systems to handle the new ISIN from the ex-date. Failure to update systems could result in trade rejections or settlement issues.
Investor Impact: Shareholders will see their shareholding multiplied by 10 with proportionate reduction in face value. Total investment value remains unchanged. Post ex-date, the stock will trade at approximately 1/10th of the pre-split price.
Impact Justification
ISIN change due to share sub-division affects trading and settlement systems but is a standard corporate action with clear implementation timeline