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Shares of ITC went up as much as 4\% today after a report said that the company is planning to split its IT business. ITC Infotech’s profitability has improved sharply in the last three years to ₹450 crore, on a revenue of ₹2,500 crore at the end of March 2021. Check out the latest news and updates on Business Insider.
ITC Ltd. has split the face value 1 time since Sept. 21, 2005. ITC Ltd. had last split the face value of its shares from Rs 10 to Rs 1 in 2016. The share has been quoting on an ex-split basis from Sept.
Which company will split share in 2021?
Splits
| Company | Old FV | Split Date |
|---|---|---|
| Quantum Gold Add to Watchlist Add to Portfolio | 100 | 16-12-2021 |
| TTK Prestige Add to Watchlist Add to Portfolio | 10 | 14-12-2021 |
| NCL Research Add to Watchlist Add to Portfolio | 2 | 02-12-2021 |
| Birla Gold ETF Add to Watchlist Add to Portfolio | 10 | 25-11-2021 |
How many times Tata Motors share split?
Tata Motors Ltd. has split the face value 1 time since Sept. 12, 2011. Tata Motors Ltd. had last split the face value of its shares from Rs 10 to Rs 2 in 2016. The share has been quoting on an ex-split basis from Sept.
What is a 1/8 split?
To calculate the number of shares that you will have after the split, multiply the ratio of the stock split by the number of shares you held at the time of the split (1-for-8 ratio means 1 divided by 8 equals 0.125).
The ITC Ltd board today decided to seek approval from the company’s shareholders for resolutions relating to a split of the company’s Rs 10 shares into shares of Rs 1 each, along with expansion of its authorised share capital and payment of one bonus share of Rs 1 for every two shares held.
How many shares does ITC issue for bonus shares?
In the past, ITC had issued bonus shares in 1978 in the ratio of one share for every five shares held, and then again in 1980, giving away one share for every five shares. In 1989, shareholders were rewarded with one share for every one share held, and in 1991 with three shares for every five shares held.
Is ITC a good stock to invest in?
As per the latest AGM speech, it says, ITC continues to invest in building its digital enterprise capacity and capabilities to stay ahead of the curve and shape formidable strengths for the future. One can hold this and accumulate in dips for the long term without regretting short-term fluctuations as it is a quality stock.
How much stake does the Government of India hold in ITC?
Govt stake saleGovernment of India holds around 7\% in ITC via SUUTI. Government has been trying to sell this stake for some time.