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© Reuters. Tata Metal steelworks are seen on the South Wales shoreline, Port Talbot, Britain, February 24, 2021. Image taken February 24, 2021. REUTERS/Peter Cziborra
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© Reuters. Tata Metal steelworks are seen on the South Wales shoreline, Port Talbot, Britain, February 24, 2021. Image taken February 24, 2021. REUTERS/Peter Cziborra
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NEW DELHI (Reuters) – The board of Tata Metal Ltd will on Might 3 think about a proposal to separate the inventory and likewise suggest a dividend, the Indian metal maker mentioned in an announcement on Sunday.
With out specifying the ratio of the inventory cut up, it mentioned the assembly on Might 3 would think about a sub-division of the shares with a nominal worth of 10 Indian rupees every.
The cut up can be topic to regulatory and statutory approvals.
On Might 3, the corporate can even announce outcomes for the quarter ended March 31, the corporate mentioned.
Tata Metal closed at 1,319.5 rupees a share on Wednesday. Indian fairness markets had been closed on Thursday and Friday.
