HDFC Bank Ltd. ADR (HDB) Stock Split History

HDFC Bank Ltd. ADR has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on July 25, 2011 with the ratio of 5-for-1, meaning that for 1 share of HDB owned pre-split, shareholders then owned 5 shares. The most recent stock split took place on September 26, 2019 on a 2-for-1 basis.

These actions have increased HDB stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only change the number of shares and the price per share with no impact on HDFC Bank Ltd. ADR's total market capitalization.

For more detailed information of HDFC Bank Ltd. ADR's stock splits, view the table below:

HDB stock split list

Date	Split Ratio
2019-09-26	2 - for - 1
2011-07-25	5 - for - 1

Will HDFC Bank Ltd. ADR Stock Split in 2024?

The answer will depend on the decisions of the company's managers and market volatility. HDFC Bank Ltd. ADR has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when HDB stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by HDFC Bank Ltd. ADR's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.

Stock Splits of Industry Leaders

Ticker Symbol	Latest Split Date	Split Ratio
HDB	2019-09-26	2 - for - 1
IBN	2017-06-19	110 - for - 100
USB	1999-04-16	3 - for - 1
ITUB	2018-11-28	3 - for - 2
PNC	1992-11-16	2 - for - 1
TFC	1998-08-04	2 - for - 1
LYG	2009-05-06	51 - for - 50
NWG	2022-08-30	13 - for - 14
DB	1995-06-01	10 - for - 1
BBD	2022-04-19	11 - for - 10
FITB	2000-07-17	3 - for - 2
MTB	2000-10-06	10 - for - 1
KB	2001-12-26	17 - for - 16
HBAN	2000-07-12	11 - for - 10
RF	2004-07-01	16 - for - 13
SHG	2012-10-15	2 - for - 1