Did City Union Bank shares really crash 23% in one day? Here’s how the bonus math works

June 12, 2026

City Union Bank shares appeared to fall 23% after turning ex-bonus following its 1:3 bonus issue, but the decline was purely technical. Adjusted prices show the stock actually gained on the day. The move reflects share price recalibration, not value erosion, while the bank continues to post steady financial performance.

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