First-Ever Bonus Issue: Tata Group Retail Stock Corrects 33.87% On Ex-Bonus Adjustment

On Thursday, Indian equity benchmarks traded higher, with the benchmark Nifty 50 index rising 0.14 per cent to 23,438.95. Amid the positive market sentiment, Trent share price traded at Rs 2,815.50, down 33.87 per cent from the previous close. The sharp decline was due to the stock turning ex-Bonus following the company's first-ever bonus issue announcement.

Trent Turns Ex-Bonus

Trent's 1:2 bonus issue became effective from the ex-date, making June 3 the last trading session for investors to purchase shares and become eligible for the bonus entitlement.

Investors who held Trent shares in their demat accounts at the close of trading on June 3 will be eligible to receive bonus shares. However, investors purchasing the stock on the ex-date or thereafter will not qualify for the bonus issue.

The ex-bonus adjustment resulted in a corresponding reduction in the share price to reflect the increase in the number of outstanding shares following the corporate action.

Trent 1:2 Bonus Issue

Under the approved 1:2 bonus ratio, shareholders will receive one additional equity share for every two shares held on the record date.

For example, an investor holding 200 shares of Trent on the record date would receive 100 additional shares as bonus shares. Consequently, the total shareholding would increase from 200 shares to 300 shares.

While the number of shares held increases, the share price adjusts proportionately to account for the bonus issuance, leaving the overall investment value broadly unchanged immediately after the adjustment.

Trent Shareholding Pattern Highlights

Trent continues to have a diversified shareholder base with strong participation from institutional and retail investors.

As of March 2026, promoters held a 37 per cent stake in the company. Among institutional investors, foreign investors owned 15.6 per cent, Mutual Funds held 13.92 per cent, while insurance companies accounted for 6.36 per cent of the equity.

Retail investors also have a significant presence in the company, with nearly five lakh individual shareholders holding approximately 14 per cent of the company's equity capital.

First Bonus Issue In Company's History

The latest corporate action marks the first bonus issue announced by Trent since its listing.

The company's previous major capital restructuring took place in 2016, when it carried out a Stock Split, subdividing one equity share with a face value of Rs 10 into ten equity shares with a face value of Re 1 each.

Apart from the bonus issue, Trent has maintained a consistent Dividend distribution track record and has announced a final dividend of Rs 6 per share for FY26.

Dividend Record Date Approaching

The company has fixed June 12, 2026, as the record date for determining shareholders eligible to receive the final dividend.

While investors purchasing Trent shares after the bonus issue ex-date will not qualify for the bonus shares, they may still be eligible for the dividend payout, subject to meeting the dividend record date requirements.

About Trent 

Trent Ltd, a Tata Group company, is one of India's leading organised retail players. The company operates several retail formats, including Westside, Zudio, Samoh and Star, catering to fashion, lifestyle and grocery segments.

Over the years, Trent has emerged as one of the fastest-growing retail companies in India, supported by an expanding store network and strong brand portfolio.

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Disclaimer: The article is for informational purposes only and not investment advice.