Tiger Logistics announces stock split - Check ratio and other details

The current face value of each share is Rs 10 and after the split, the new value of will be Re 1.

The proposal is subject to shareholders' approval

Multibagger Stock: The board of Tiger Logistics (India) has approved a proposal to split the shares of the company in the ratio of 10:1, the company said in a regulatory filing on Tuesday.

The current face value of each share is Rs 10 and after the split, the new value of will be Re 1.

The board has approved "the proposal of sub-division/split of company's 1 equity share having a face value of Rs 10 each into 10 shares having face value of Re 1 each. The record date for such sub-division/ split shall be intimated to the stock exchange in due course," Tiger Logistics (India) said in the filing.

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The proposal is subject to shareholders' approval, it said.

Meanwhile, the shares of Tiger Logistics hit an all-time high of Rs 868, a jump of 10.13 per cent against the previous close of Rs 788.15 on the BSE.

Tiger Logistics stock, which has outperformed the sector by 5.99 per cent today, has been gaining for the last four days and has risen 17.97 per cent returns in the period.

On technical parameters, Tiger Logistics is trading higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.

Shares of Tiger Logistics have surged around 100 per cent in just three months. In 6 months, the stock has rallied 120 per cent.

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Tiger Logistics stock split