HDFC Bank: A Bonus Share Issue and Special Interim Dividend on the Horizon?
In a move that is likely to delight shareholders, HDFC Bank Ltd. has announced its intention to consider a bonus share issue and special interim dividend during its board meeting on July 19. This news has sent the bank’s shares soaring, with the stock price gaining as much as 1.4% to Rs 2,022.7 before cooling off.