The Titan Company, a Tata group stock, traded ex-bonus on 23rd June 2011 for issuance of bonus shares in 1:1 ratio. This meant that one share was issued for every share held. Subsequently, the stock traded ex-split for subdivision of shares in 1:10 ratio, with 10 Titan shares issued to eligible shareholders for every one share held. This has led to long term investors of the company gaining many folds on their initial investment, with those who had invested ₹1 lakh 14 years ago seeing the absolute value of their investment surge to ₹12.35 crore today.
Impact of 1 1 Bonus Shares and 1:10 Stock Split on Titan Company
Long term investors of the Titan Company have been rewarded with a 1:1 bonus share and 1:10 stock split issue in 2011. The bonus and split issue has led to their shareholding in the company surging many folds, with a ₹1 lakh investment 14 years ago turning to ₹12.35 crore today.
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