Shares of Trent, the owner of lifestyle and fashion department store chain Westside, value-fashion chain Zudio and hypermarket Star Bazaar, are in focus as today, June 4 is the record date for its first-ever bonus issue in the ratio of 1:2.
According to SEBI’s T+1 settlement rules, investors must buy the company’s shares at least one trading day before the record date to be eligible to get the shares in their demat accounts and thus be eligible for the corporate action.
Meanwhile, today the stock has fallen around 3 per cent to an intra-day low of Rs 2757.75.
Earlier in April, along with the quarterly results and dividend, the board of Trent approved a bonus issue of one equity share for every two equity shares held.
“Issuance of Bonus shares in the proportion of 1:2 i.e. 1 (One) Bonus equity share of Re. 1/- each for every 2 (Two) fully paid-up equity share of Re. 1/- each held by the Shareholders of the Company as on the Record Date (to be informed later), subject to approval of the Shareholders of the Company,” Trent had said in the filing.
This means that the Tata Group it will issue one bonus share for every two shares owned as of the record date.
Around 17.77 crore shares with a face value of Re 1 each were set to be issued as part of the offer.
Trent Bonus Issue 2026 Record Date
Trent had fixed May 29 as the record date to determine the eligibility of shareholders to receive the bonus shares. However, the company in May revised the record date for the bonus issue to Thursday, June 4.
Trent has planned to allot the bonus shares by June 21, utilising share premium worth Rs 17.77 crore. The company’s total share premium available for capitalisation stood at Rs 1,924.3 crore as of March 31, 2026.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
