New Delhi, Nov. 26 -- HDFC Asset Management Company (HDFC AMC) shares are in focus today, November 26, as the stock begins trading ex-bonus following the company's recently announced 1:1 bonus share issue. This is the first bonus issue from HDFC AMC since it became a listed entity, marking a significant milestone for investors of the country's third-largest asset management firm.
The company had earlier approved issuing one bonus share for every one fully paid-up share held by eligible shareholders. In line with stock exchange regulations, HDFC AMC turned ex-bonus one trading day before the record date, making Tuesday, November 25, the last day to buy shares and qualify for bonus entitlement. Only shareholders whose holdings were reflect...
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