Trent, the Tata Group firm behind Zudio, has announced its maiden bonus issue of one share for every two held, with May 29 as the record date. The plan comes with a Rs 6 dividend and follows a strong Q4 performance, where profit rose 26%. Management says the move is intended to improve share liquidity and supports further capital raising.
Markets saw sharp trading action as Trent tumbled over 8% after underwhelming Q3 updates, cooling sentiment. Groww swung from early gains on a bullish brokerage note to later reversal. Reliance Industries slid on reports tied to Russian oil shipments, though the company denied the linkage. IEX also featured among movers today.
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