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Mumbai Feb. 27 The board of Thomas Cook (India) Ltd has proposed to split the company's face value of a share to Rs 1 per share from Rs 10 per share, the company said in a press release on Monday.

The change is subject to the approval of the shareholders through a postal ballot. If the change goes through, the number of shares will increase to 34.58 crore.

"The company's decision to split the share would further increase the floating stock available in the market," said Mr Madhavan Menon, MD, TCIL. "We are confident that with this split, the liquidity of the stock would increase in the market and benefit shareholders," he added.

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