Are Stock Splits Helping Indian Firms Grow Investor Base? Nestle, Tata Investment and More Announced 1:10 Split

Over the period, Stock splits have come up as a strategic tool for Indian companies aiming to increase liquidity, improve share affordability, and broaden investor participation, especially among retail investors.

A stock split is a corporate action where a company increases the number of its outstanding shares by issuing additional shares to existing shareholders, while proportionally reducing the share price. Although the face value and price per share decrease, the overall market capitalisation remains unchanged.

Among the most notable ratios under stock split is 1:10, where each share of ₹10 face value is split into 10 shares of ₹1 each. These splits significantly enhance the stock's accessibility, often leading to higher trading volumes and a more diversified shareholder base.

Indian Companies Exercised Stock Split

Here’s a round-up of 10 major Indian companies that executed impactful 1:10 stock splits:

1. Nestlé India

In October 2023, FMCG giant Nestlé India announced its first-ever 1:10 stock split, reducing the face value of its shares from ₹10 to ₹1. The record date was set for January 5, 2024. Post-split, liquidity improved, aligning with the company’s strategy to expand shareholder participation.

2. OK Play India

Toy manufacturer OK Play India implemented its stock split on March 11, 2024, after delivering impressive multibagger returns over the past five years. The 1:10 split helped make the stock more approachable for retail investors, encouraging increased trading activity and market engagement.

3. Systematix Corporate Services

On September 26, 2024, Systematix Corporate Services undertook a 1:10 stock split, reducing the face value of its shares from ₹10 to ₹1. The company cited liquidity enhancement and increased attractiveness to retail investors as key motivations behind the move.

4. Eraaya Lifespaces

Real estate developer Eraaya Lifespaces announced a 1:10 stock split with a record date of December 6, 2024. The split was part of the company’s broader effort to make its shares more affordable and improve retail participation in a growing sector.

5. Tata Investment Corporation

In a notable shift from its traditionally conservative stance, Tata Investment Corporation announced its first-ever 1:10 stock split in August 2025. The move was welcomed by analysts and retail investors alike as a step toward improving liquidity and broadening investor participation across the Tata Group.

6. Websol Energy System

Websol Energy System approved a 1:10 stock split in September 2025, aiming to lower the share price and attract more retail investors. The split is expected to be completed by October 2025.

Also Read: Mastek, Kajaria Ceramics, Cochin Shipyard Among 79 Dividend Stocks To Watch On Sept 12, 2025

Conclusion

The surge in stock splits reflects a broader trend in Indian markets: companies are increasingly prioritising retail investor inclusion and market liquidity. As valuations rise, stock splits offer a practical solution to keep shares within reach for a larger investor.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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