Shares of Tata Consultancy Services (TCS), the largest Indian IT firm by sales, turned ex-bonus on Thursday.
The IT major announced a 1:1 bonus for its shareholders on its 50th anniversary.
The scrip was trading 0.19 per cent down at new adjusted price of Rs 1,755.45 today morning.
The BSE Sensex was up 95 points, 0.27 per cent, at 35,000 at around 9.35 am.The company has set June 2 as record date for the bonus shares.
This is the third bonus offering by TCS since listing in 2004.
Those who were holding shares of TCS till Wednesday are eligible to get bonus shares of the IT major.
A share is called as ex-bonus when a buyer does not get the right to receive the current bonus.Tata Consultancy Services last month reported a 4.48 per cent year-on-year (yoy) rise in consolidated net profit at Rs 6,904 crore for the March quarter.
The figure topped Rs 6,812.5 crore profit estimate by analysts in an ETNow poll.