Trent Sets Record Date for 1:2 Bonus Share Issue; Last Day to Buy Shares is Today
Trent bonus issue alert! Last date to buy shares for 1:2 bonus reward. Do you own?
Image: The Economic Times
Trent, the parent company of Zudio and Westside, has set June 4 as the record date for its first-ever bonus share issue in a 1:2 ratio. Investors must purchase shares by today to qualify for this bonus. The company will issue approximately 17.77 crore shares, with plans to allot them by June 21.
- 01Trent's bonus issue is in the ratio of 1:2, allowing shareholders to receive one bonus share for every two shares owned.
- 02The record date for eligibility is June 4, making today the last day to buy shares for the bonus.
- 03Trent plans to issue around 17.77 crore bonus shares, utilizing a share premium of ₹17.77 crore.
- 04Trent shares have decreased by over 25% in the past year, closing at ₹4,210 on the NSE.
- 05Analysts caution that buying shares solely for the bonus issue may not be a strong investment strategy.
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Trent, a Tata Group company known for its Zudio and Westside brands, has announced a 1:2 bonus share issue, with June 4 set as the record date. This means that investors must purchase shares by today to qualify for the bonus shares, which will be allotted by June 21. The company plans to issue approximately 17.77 crore shares, leveraging a share premium of ₹17.77 crore. Despite the bonus issue, analysts like Harshal Dasani from INVasset PMS advise caution, indicating that simply buying shares to receive the bonus does not equate to sound investment strategy. The stock has seen a decline of over 25% in the past year, closing at ₹4,210 on the NSE, while its long-term performance shows significant gains. Investors are encouraged to focus on the company's earnings trajectory rather than just the bonus eligibility.
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Investors looking to benefit from the bonus share issue must act quickly, as today is the last day to purchase shares.
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