HDFC Bank announces 1:1 bonus issue, record date set for August 27
HDFC Bank has announced a bonus issue of equity shares in the ratio of 1:1 — meaning shareholders will receive one additional fully-paid equity share of ₹1 each for every share they hold as of the record date. The bank's Board of Directors approved the bonus issue at its meeting held on July 19, 2025.
The bonus shares will be issued out of the Securities Premium Account as of June 30, 2025. The record date for determining eligibility for the bonus issue is Wednesday, August 27, 2025. The bonus shares are expected to be credited or dispatched within two months of the board's approval, on or before September 18, 2025.
Post-issue, the bank's issued, subscribed, and paid-up share capital will double from approximately ₹767 crore to over ₹1,533 crore, reflecting the increased number of equity shares.
According to the bank's filing, approximately 76.68 crore equity shares of ₹1 each will be issued as bonus shares, though the exact number may vary slightly due to stock options or restricted stock units exercised before the record date.
The bonus issue is subject to statutory and regulatory approvals, as well as shareholder approval via a postal ballot.
This move reflects HDFC Bank's confidence in its financial strength and aims to enhance liquidity and investor participation in its stock.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
an hour ago
- Associated Press
Crown Electrokinetics Corp. Announces Intent to Voluntarily Delist from Nasdaq
LOS ANGELES, CA / ACCESS Newswire / July 23, 2025 / Crown Electrokinetics Corp. (Nasdaq:CRKN) ('Crown' or the 'Company') today announced that its Board of Directors approved the commencement of the process to voluntarily delist its securities from the Nasdaq Stock Market LLC ('Nasdaq') and its intention to file a Form 25 Notification of Delisting with the Securities and Exchange Commission (the 'SEC'), which will remove the Company's common stock, par value $0.001 (the 'common stock'), from listing and registration on Nasdaq. Nasdaq previously suspended the trading of the Company's common stock on March 5, 2025 due to noncompliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) and notified the Company that a Form 25 would be filed. However, as Nasdaq has not yet made the filing, the Company is doing so voluntarily. About Crown Crown is a leading provider of innovative technology infrastructure solutions that benefit communities and the environment. Operating across multiple businesses - Smart Windows and Construction - Crown is developing and delivering cutting edge solutions that are challenging the status quo and redefining industry standards. For more information, please visit Forward-Looking Information Certain statements in this news release may be 'forward-looking statements' (within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995) regarding future events or Crown's future financial performance that involve certain contingencies and uncertainties, including those discussed in Crown's Annual Report on Form 10-K for the year ended December 31, 2024, and subsequent reports Crown files with the U.S. Securities and Exchange Commission from time to time, in the sections entitled 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations.' Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Crown Electrokinetics Corp. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release. This press release does not constitute a public offer of any securities for sale. Any securities offered privately will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Contact Information: Investor Relations [email protected] Public Relations [email protected] SOURCE: Crown Electrokinetics Corp. press release
Yahoo
4 hours ago
- Yahoo
HDFC Bank (HDB) Reports Higher-than-expected Quarterly Profit
HDFC Bank Limited (NYSE:HDB) is one of the Best Indian Stocks to Buy for Next 5 Years. Reuters highlighted that the company reported higher-than-expected quarterly profit thanks to a surge in interest income from loans and treasury gains, despite an increase in provisions for bad loans. HDFC Bank Limited (NYSE:HDB)'s standalone net profit went up by 12.2% to INR181.55 billion ($2.11 billion) during the April-to-June quarter, above the average analyst forecast of INR172.84 billion, reported Reuters. Its provisions for bad loans increased five-fold to INR144 billion. A business owner tallying their profits in the back office of a local banking branch. Reuters, while quoting HDFC Bank Limited (NYSE:HDB)'s exchange filing, noted that most of such provisions were not related to any actual bad loans. These acted as a countercyclical buffer so that the balance sheet becomes more resilient. The lenders in India continue to face higher bad loans in segments like microfinance and unsecured portfolio, prompting them to set aside more funds for potential defaults and to strengthen the balance sheets, noted Reuters. This firm also added that, while overall bank credit growth witnessed a slowdown in India, HDFC Bank Limited (NYSE:HDB) saw growth of 6.7% for its overall loan book, thanks to the 17.1% increase in loans to small and medium businesses. Brown Advisors, an investment management company, released its Q4 2024 investor letter. Here is what the fund said: 'HDFC Bank Limited (NYSE:HDB) has shown robust fundamental business drivers, but the shares have relatively underperformed since its merger with former parent HDFC Ltd. This merger enhances HDFC Bank's long-run business opportunities, particularly mortgages, in the Indian market but comes with short-term sub-optimal funding which we expect to unwind over the next couple of years. With an enhanced competitive position, we feel it unlikely this remains an issue over time. HDFC Bank has also shown good downside protection historically when the credit cycle turns, and the bank's defensive lending practices allow it to outperform peers. Impressively, management has expanded lending at the right time historically too. We believe these characteristics remain intact.' Headquartered in Mumbai, India, HDFC Bank Limited (NYSE:HDB) is engaged in providing banking and financial services to individuals and businesses. While we acknowledge the potential of HDB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Business Upturn
9 hours ago
- Business Upturn
Infosys Q1 Results: Raises FY26 Constant Currency Revenue Growth guidance to 1-3% from 0-1%
Infosys Limited reported its financial results for the quarter ended June 30, 2025 (Q1 FY26), showing muted growth amid weak discretionary spending and macroeconomic headwinds. The company also shared a cautious outlook for the full year FY26. Q1 FY26 Results: Revenue: ₹38,920 crore, up 0.8% QoQ from ₹38,610 crore in Q4 FY25. Net profit: ₹6,153 crore, up 3.1% QoQ from ₹5,973 crore in Q4 FY25. Operating profit: ₹7,981 crore, up slightly from ₹7,888 crore QoQ. Operating margin: 20.5% vs 20.4% QoQ — stable. Earnings per share (EPS): ₹14.66 vs ₹14.20 QoQ. While the revenue grew marginally sequentially, cost control and higher other income supported profitability. FY26 Guidance: Infosys issued a subdued outlook for FY26: Revenue growth (constant currency): 1% to 3% YoY. Operating margin: Expected to be in the range of 20%–22%. 'Q1 performance is a clear reflection of our unwavering focus on multiple fronts resulting in strong growth at 2.6% QoQ, resilient margins at 20.8% and EPS increase of 8.6% YoY. We continue to leverage Project Maximus to make investments in strategic priorities to drive profitable growth and enhance shareholder value', said Jayesh Sanghrajka, CFO. 'Cash flow conversion was well above 100% for the fifth consecutive quarter. The impact of currency volatility was effectively managed through our proactive hedging strategy', he added. Infosys added that it remains confident about its long-term digital transformation opportunities and will continue to invest in capability building and client partnerships. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
