Bajaj Finance Ltd announces 2 For 1 Stock Split and 4:1 Bonus Issue

The Board of Directors of Bajaj Finance Ltd have considered and recommended Sub-division of equity shares and issue of Bonus Shares.

The board approved sub-division of 1 (one) equity share of face value of Rs. 2 each fully paid-up into 2 (two) equity shares of face value of Re. 1 each fully paid-up.

The board also approved issue of bonus equity shares in the ratio of 4:1 i.e., 4 (Four) bonus equity shares of Re. 1 (Rupee One) each for every 1 (one) equity share of Re. 1 (Rupee One) each fully paid up.

The allotment will be done to the shareholders of the Company who hold equity shares of the company as on the record date, subject to the approval of shareholders through Postal Ballot.

Shares of Bajaj Finance Limited was last trading in BSE at Rs. 9089.30 as compared to the previous close of Rs. 9092.00. The total number of shares traded during the day was 29829 in over 5946 trades.

The stock hit an intraday high of Rs. 9149.70 and intraday low of 8960.80. The net turnover during the day was Rs. 270171938.00.

Source : Equity Bulls

Keywords

BajajFinance INE296A01024 NBFC SubDivision StockSplit 2For1 BonusIssue 4For1