Tech Mahindra bonus issue: A sweet deal or market trap

What happened: Tech Mahindra's board announced a 1:1 bonus issue on 15 October 2026, giving one additional share for every share held. The record date will be determined later by the company. Key numbers: Bonus ratio 1:1. Face value ₹5. Last bonus announced in Jan 2015. Q2FY27 revenue ₹16,180 crore, up 15.6% year-on-year. Why it matters: The article notes share prices tend to fall after the ex-bonus date based on the bonus ratio, so the value of holdings is unlikely to change much. It says investors should focus on fundamentals and growth prospects rather than short-term aspects.

Tech Mahindra's board announced a 1:1 bonus issue on 15 October 2026, giving one additional share for every share held. The record date will be determined later by the company.

The article notes share prices tend to fall after the ex-bonus date based on the bonus ratio, so the value of holdings is unlikely to change much. It says investors should focus on fundamentals and growth prospects rather than short-term aspects.