Trent allots 17.8 crore bonus shares in 1:2 issue, expanding equity base
Tata-owned Trent has allotted 17.8 crore bonus equity shares in a 1:2 ratio, materially expanding its share capital. The move comes alongside other retail-adjacent corporate actions, including Ixigo's Rs 65.7 crore acquisition of a 54.66% stake in Brevistay Hospitality and a block deal in Lenskart at Rs 508.55 per share.
What happened
Stocks-to-watch roundup: Trent allots 17.8 crore bonus shares (1:2), Ixigo to acquire 54.66% in Brevistay Hospitality for Rs 65.7 crore, Lenskart sees Viridian
Key facts
- 1:2 bonus
- 17.8 crore shares
- Rs 65.7 crore
- 54.66% stake
- 18.9 lakh shares
- Rs 508.55
- Rs 646 crore
Why this matters
Trent's capital action alongside Ixigo's Brevistay buy and the Lenskart block deal points to active rebalancing across listed retail and consumer-tech names worth tracking for partnership openings.