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2h ago

HDFC Bank 1:1 Bonus: Monday Is Final Day to Buy Before Ex-Date

Under T+1 rules, only holders in place before the Aug. 27 record date qualify, with bonus shares due to be allotted by Sept. 18.

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HDFC Bank Announces First-Ever 1:1 Bonus Issue | What Investors Should Know
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Overview

  • HDFC Bank’s board-approved 1:1 bonus will determine eligible shareholders based on a record date of Aug. 27, with the stock turning ex-bonus one trading day earlier.
  • Because of T+1 settlement, purchases must be completed by Monday, Aug. 25, for shares to reflect in demat accounts in time to qualify.
  • Bonus shares are scheduled for allotment on or before Sept. 18 and will be tradable from the next market session, according to the bank’s filing.
  • The bank will direct J.P. Morgan, its ADS depositary, to increase ADS in line with the bonus while maintaining the 1 ADS = 3 equity shares conversion.
  • Following the issue, paid-up capital will double from Rs 766.79 crore to Rs 1,533.58 crore, with the move coming after Q1 FY26 standalone net profit of about Rs 18,155 crore.