10:1 Stock Split: Tiger Logistics fixes record date - Check Details

Tiger Logistics India on Saturday announced the splitting of its shares in the ratio of 10:1 meaning each equity shares will split into 10 shares. The current face value of each equity share of Tiger Logistics is Rs 10. Once the split will take effect, the new face value will be Re 1.

"the Board of Directors of the Company has fixed Record Date as mentioned below in the table for the purpose of sub-division/split of 1 (one) Equity Share of the Company having a face value of Rs. 10/- each into 10 (Ten) Equity shares of the company having a face
value of Re. 1 each," the company said.

The split will increase public participation in the company's shareholding. The company said the move will increase the liquidity of stock so that small shareholders/investors can also buy its shares.

Tiger Logistics Stock Split Record Date

The Board of Directors of the Company has fixed March 4 as the record date for this purpose, the logistics player said in an exchange filing.

The revised face value of each share would be Re 1, the company said.

Tiger Logistics (India) is a global logistics player with expertise in handling the domestic and international import and export of cargo projects.