Tata Steel will also announce the results for the quarter ended March 31.
New Delhi:
The board of Tata Steel Ltd will consider the proposal to split the stock on May 3 and also recommend a dividend, the Indian steelmaker said in a statement on Sunday.
Without specifying the proportion of stock split, it said the meeting to be held on May 3 will consider sub-division of shares with a nominal value of Rs 10 each.
The division will be subject to regulatory and statutory approvals.
The company said that on May 3, the company will also announce the results of the quarter ended March 31.
Tata Steel closed at Rs 1,319.5 per share on Wednesday. Indian stock markets remained closed on Thursday and Friday.