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Did Trent shares really crash 34% in one day? Here's how the bonus math works
Trent shares, the parent company of Zudio and Westside, turned ex-bonus on Thursday after its maiden 1:2 bonus issue, making the stock appear nearly 34% lower at the open. The sharp decline was purely due to the price adjustment for the bonus shares and did not represent a loss in shareholder value. On an adjusted basis, the stock was actually down only about 2% in early trade.
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economictimes.indiatimes.com
Trent bonus issue alert! Last date to buy shares for 1:2 bonus reward. Do you own?
Trent, the parent of Zudio and Westside, has announced its first bonus share issue. The record date is June 4, meaning today is the final chance to buy shares for eligibility.…
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Did Trent shares really crash 34% in one day? Here's how the bonus math works
Trent shares, the parent company of Zudio and Westside, turned ex-bonus on Thursday after its maiden 1:2 bonus issue, making the stock appear nearly 34% lower at the open. The…
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newsbytesapp.com
Why Trent shares suddenly dropped 33% today
Trent shares fell 33% on June 4 as the stock turned ex-bonus, reflecting a bonus issue adjustment rather than an actual loss in value.