HDFC Bank to Adjust ADS Post Bonus Issue

  Published 8 months ago

HDFC Bank will maintain the ADS-to-share ratio at 1:3 and issue bonus ADS in a 1:1 ratio.

  • Bonus ADS issuance subject to member approval via Postal Ballot before being executed by JP Morgan Chase, the depositary.
  • Existing ADS holders will receive one additional ADS for every ADS held, reflecting the bonus equity share issue.
  • The move ensures parity in ADS value and maintains alignment with underlying equity shares post-bonus.
You might like these

India, UAE Trade Mission Highlights

Adani Ports Q1 Profit Up 6.5% YoY

Meghna Infracon: Bonus Issue & Profit Surge!

Kay Cee Energy Wins Rs 28.37 Crore Transmission Line Project

India Needs $2.4 Trillion for Climate Cities

PDST Secures $3.8M Defence Order 2026

Tesla Sales Dip in Italy & Europe

News that matters the most ⚡