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The Economic Times
The Economic Times
Business
Debaroti Adhikary

Did City Union Bank shares really crash 23% in one day? Here's how the bonus math works

City Union Bank

Shares of City Union Bank turned ex-bonus on Friday following the lender's 1:3 bonus issue, causing the stock price to appear nearly 23% lower due to the adjustment.

The shares of City Union Bank opened at Rs 197.40 apiece on NSE, sharply lower than Thursday's closing price of Rs 256.80 apiece. However, the decline was solely due to the bonus share adjustment and did not reflect any loss in shareholder value.

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