Trent allots 17.8 crore bonus shares in 1:2 issue, expanding equity base
Tata-owned Trent has allotted 17.8 crore bonus equity shares in a 1:2 ratio, materially expanding its share capital. The move comes alongside other retail-adjacent corporate actions, including Ixigo's Rs 65.7 crore acquisition of a 54.66% stake in Brevistay Hospitality and a block deal in Lenskart at Rs 508.55 per share.
Stocks-to-watch roundup: Trent allots 17.8 crore bonus shares (1:2), Ixigo to acquire 54.66% in Brevistay Hospitality for Rs 65.7 crore, Lenskart sees Viridian Asia buy 18.9 lakh shares at Rs 508.55 from Copthall Mauritius.
Why this matters
Bonus issue follows Trent's June 12 record date for a Rs 6/share dividend, continuing a cluster of Tata Group shareholder return actions in recent weeks.
Retail-company signals steady at 2,299 over the past 90 days.