HDFC AMC announces bonus issue for shareholders

Oicharts Desk |

HDFC Asset Management Company has announced a bonus issue funded from ₹520 cr in capital redemption reserves and ₹7.6 bn from its securities premium account. This move reflects the company's strong performance and commitment to rewarding shareholders, having distributed ₹336 per share in dividends since 2019. 📈

This bonus issue may enhance shareholder sentiment and attract new investors, reinforcing HDFC AMC's growth narrative.

📊 STOCKS MENTIONED: $HDFCAMC 🏢 SECTORS: Banking, Financial Services