FCC

Tiger Logistics India board greenlights 1:10 share split

2024-02-19

Tiger Logistics India announced its decision to split its shares in the ratio of 1:10, aiming to enhance public participation in the company's shareholding. The company conveyed that this strategic move is intended to boost the liquidity of the stock, enabling small shareholders and investors to acquire its shares.

The logistics firm specified March 4 as the record date for the subdivision, wherein each share with a face value of Rs 10 will be subdivided into 10 shares. According to the company, the adjusted face value of each share will be Re 1.

Tiger Logistics (India) is a globally recognized logistics player, possessing expertise in managing both domestic and international import-export cargo projects.