Market Bits

Trent Ltd Announces Bonus Shares & Rs 10 Dividend, Stock Up 0.87% Today

Trent Ltd, a major retail company of the Tata Group, has announced double rewards for its shareholders along with its latest corporate results. The company has declared bonus shares in a 1:2 ratio, meaning shareholders will receive 1 free share for every 2 shares held. Alongside this, the company has also announced a final dividend of Rs 10 per share. Trent Ltd operates popular fashion and lifestyle retail chains such as Zudio, Westside, and Star Bazaar. Following the announcement, the stock was trading at Rs 4,334.00, up 0.87% for the day. The stock opened at Rs 4,341.00 and touched an intraday high of Rs 4,362.00.