Description
Face value of equity shares will be split from Rs. 10 to Rs. 2 effective September 19, 2025.
Summary
Tourism Finance Corporation of India Limited (TFCILTD) will undergo a face value split of its equity shares from Rs. 10 to Rs. 2, effective September 19, 2025. This corporate action will proportionally increase the number of shares while reducing the face value per share.
Key Points
- Company: Tourism Finance Corporation of India Limited
- Stock Symbol: TFCILTD
- Current face value and paid-up value: Rs. 10 per share
- New face value and paid-up value: Rs. 2 per share
- Split ratio: 1:5 (each existing share will become 5 shares)
- Effective date: September 19, 2025
Regulatory Changes
No regulatory framework changes - this is a standard corporate action notification under existing listing regulations.
Compliance Requirements
- All NSE members must note the change in face value
- Trading systems will be updated to reflect the new face value
- Shareholders’ holdings will be adjusted proportionally
Important Dates
- Effective Date: September 19, 2025
- Circular Date: September 9, 2025
Impact Assessment
Market Impact: The face value split will make shares more affordable for retail investors by reducing the nominal price per share. Trading liquidity may improve due to lower absolute share prices. However, the total market capitalization and proportional ownership of shareholders remain unchanged. This is a neutral corporate action that typically enhances marketability of the stock.
Impact Justification
Face value splits affect share price and liquidity but don't change fundamental value