Tips Industries declares 1:10 stock split, stock surges by 1.25%


Tips Industries is a small-cap business with a market capitalization of $2,162 Cr. It operates in the consumer discretionary industry. During today’s board meeting, the company’s board of directors declared a 1:10 stock split.

“Please be notified that the Sub-Division of equity shares will take effect under the new ISIN – INE716B01029,” said Tips Industries in a stock exchange filing on April 3, 2023. “In continuation to our prior communication dated April 3, 2023 regarding sub-division of 1 (One) equity share having face value of Rs. 10/- (Rupees Ten Only) each fully paid-up into 10 (Ten) equity shares having face value of Re.

The Board of Directors of Tips Ind further stated, “We are happy to notify you that your ISIN – INE716B01029 – Equity shares of 1/- each (Sub Division) has been made active in the CDSL system on 11-April-2023.