HDFC AMC 1:1 Bonus Issue; Today Is the Last Day to Buy Shares Before Ex-Bonus Date Tomorrow

Mumbai, November 25: The shares of HDFC Asset Management Company Limited (HDFC AMC) will trade ex-bonus tomorrow, on November 26. An ex-bonus date is the date before which investors must buy the shares of a company to be eligible for the bonus issue. The company looks at its shareholders’ list on the record date to determine eligible shareholders. Since HDFC AMC has fixed both the ex-bonus date and the record date as tomorrow, today is the last date for investors to buy the shares of the company.

HDFC AMC Announces First-ever Bonus Issue

HDFC AMC has announced its first-ever bonus issue of 1:1. This means that eligible shareholders holding 1 share of the company at the record date will receive 1 extra share of the company.

However, since one extra share will be credited, the share price of HDFC AMC will fall by 50% tomorrow. However, investors need not worry as this will lead to no monetary loss. This happens as an adjustment to the bonus issue, to ensure that the total investment value remains the same, even after shareholders receive one extra share.

Shares Closed Lower by 0.42% Yesterday

At the close of yesterday’s trading session, HDFC AMC share price closed 0.42%, or 22.50 points lower at ₹5,371. The shares made an intraday high of ₹5,451 and an intraday low of ₹5,350. The shares have their 52-week high at ₹5,934.50 and their 52-week low at ₹3,563.05.

Investor Takeaway

HDFC AMC will execute its first-ever bonus issue tomorrow, and the shares will trade ex-bonus. The bonus issue is a welcome sign for eligible shareholders, who will receive 1 extra share with no additional cost. Since the share price will also reduce, it will provide better liquidity and will attract more investors. As the ex-bonus and record date are tomorrow, investors must buy the shares by the end of today’s trading session to be eligible for the bonus issue. The shares of the company are expected to witness higher demand today, with investors buying shares before the ex-bonus date tomorrow.

Disclaimer:  At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations