HDFC Bank shares in focus as stock to trade ex-bonus for 1:1 issue
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Shares of HDFC Bank will remain in focus on Tuesday as the country’s largest private sector lender marked the record date for its maiden bonus issue. The lender has fixed August 26 as the cut-off date to determine shareholder eligibility for its 1:1 bonus share issue. This means that the investors who held the stock at the close of trading on Monday will qualify to receive additional shares. Under the 1:1 bonus ratio, shareholders will receive one additional share for every share they currently own, effectively doubling their shareholding without altering the overall value of their investment. Market experts note that such moves are often seen as a sign of management’s confidence in the company’s growth trajectory and financial strength, while also serving as a means of rewarding investors. The announcement carries particular significance as this is the first-ever bonus issue by HDFC Bank since its inception, underscoring the bank’s growi...