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Tata Steel To Consider Share Split On May 3

The steel major will also announce its results for Q4 and recommend dividend, if any, for the financial year.

<div class="paragraphs"><p>The Tata Steel Ltd. logo sits on a sign outside the company. (Photographer: Simon Dawson/Bloomberg) &nbsp;</p></div>
The Tata Steel Ltd. logo sits on a sign outside the company. (Photographer: Simon Dawson/Bloomberg)  

Tata Steel Ltd. will consider a proposal to split equity shares of the company on May 3.

The board of directors will "consider a proposal for sub-division of the equity shares of the company having a face value of Rs 10 each, subject to regulatory/statutory approvals," according to an exchange filing.

The steel major will also announce its quarterly earnings for Q4 and recommend dividend, if any, for the financial year.