Shares of Zudio and Westside parent Trent turned ex-bonus on Thursday following the company’s first-ever 1:2 bonus issue, causing the stock price to appear nearly 34% lower due to the adjustment.
The popular retail giant’s shares opened at Rs 2,830 apiece on NSE, sharply lower than Wednesday’s closing price of Rs 4,257.60 apiece. However, the decline was solely due to the bonus share adjustment and did not reflect any loss in shareholder value.
