Announced Tue, 16 Jun · 17:17 IST
Tembo Global Approves 1:10 Stock Split and Converts 4.05 Lakh Warrants into Equity
Compliance View source PDF
TEMBO · price
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Price reaction · full curve 14 horizons · vs prior close
+1.0%1-day move
₹567.70
prior close
₹570.25
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.5+0.6+0.4+0.8+1.0-1.0-0.5-4.0-3.1-3.0-1.0-3.7——
Up moveDown movePending
AI summary
Board approved a 1:10 stock split (₹10 face value to ₹1) subject to shareholder approval at an upcoming EGM, aimed at enhancing liquidity and retail participation. Also approved conversion of 4.05 lakh convertible warrants into equity shares on a preferential basis, raising paid-up capital from ₹18.54 cr to ₹18.95 cr. Record date for the stock split will be announced after EGM approval. Capital Clause of the MoA will be altered accordingly.
Likely market impact
Stock split may improve liquidity and affordability for retail investors; warrant conversion increases share count and strengthens capital base.