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.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets