10:1 Share Split: Multibagger stock trades ex-split today - Details

10:1 Share Split: Shares of Tiger Logistics (India) Ltd, which have delivered a multibagger returns to investors, will trade ex-split today ie. March 04. According to an exchange filing, the company has declared a stock split in the ratio of 10:1 i.e. each equity share having a face value of Rs 10 will be divided into 10 equity shares having a face value of Re 1 each.

The company has fixed March 04 as the record date to ascertain the eligibility of shareholders for this corporate action.

"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 face value of Re. 1 each," the company said in a regulatory filing.

According to BSE Analytics, the company's stock has offered a return of 78.52 per cent in one year and 236 per cent in two years to its investors.

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

Meanwhile, equity benchmark indices climbed in early trade on Monday, with the Nifty hitting its fresh all-time high level, amid a rally in global markets.

The 30-share BSE Sensex climbed 177.73 points to 73,983.88 in early trade. The Nifty hit its all-time high level of 22,440.90. Among the Sensex firms, NTPC, Power Grid, Bharti Airtel, IndusInd Bank and Maruti were the biggest gainers.

The US markets ended with gains on Friday.