BusinessHDFC Bank Shares Rise After Going Ex-Stock Split
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HDFC Bank Shares Rise After Going Ex-Stock Split
HDFC Bank is India's largest private sector lender in terms of M-Cap
HDFC Bank shares trade ex-split, end 0.56% higher
Till Wednesday's close, HDFC Bank shares are up 3.04% so far this year
HDFC Bank is the country's largest private sector bank with market value of over Rs 6 lakh crore.
HDFC Bank shares clocked mild gains as they went ex-split in trade on Thursday. HDFC Bank shares traded ex-split for the first time in trade, which means that their face value was sub-divided from Rs 2 to Rs 1. HDFC Bank's board had approved the share split at its annual general meeting (AGM) held on July 12 this year. HDFC Bank shareholders will now have two shares of face value of Re 1 each instead of one share of face value of Rs 2.