Zudio and Westside-parent Trent shares are nearing their record date of June 4 for its first-ever bonus issue, offering shares in a 1:2 ratio to more than five lakh shareholders, with analysts commenting on whether investors should buy the stock before the record date.
Earlier in April, the Tata Group-company had announced the 1:2 bonus issue along with a Rs 6 dividend and Q4 results. The Tata Group company said 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 will be issued as part of the offer.
