Bajaj Finserv Limited- Stock Price Rises After Stock Split & Bonus.

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Bajaj Finserv shares rose more than 5% on Tuesday, September 13, as the stock traded ex-split and bonus on the BSE.

Bajaj Finserv Limited, a subsidiary of the Bajaj Group is a Non-Banking Financial service dealing primarily with Lending, Asset Management, Wealth Management, and Insurance.

The stock split ratio is 5:1.Each Bajaj Finserv equity share with a face value of Rs 5 will be divided into five equity shares with a face value of Rs 1.

The record date for determining eligible shareholders for the stock split benefit has been set by Bajaj Finserv as September 14.

The share bonus ratio at Bajaj Finserv is 1:1, which means that for every share owned, shareholders will receive one share EXTRA as Bonus.

Bajaj Finserv’s shares will trade ex-bonus on September 13, 2022, with the record date set for September 14, 2022.

The record date is the date set by the company that determines which shareholders are eligible to receive stock-split/ bonus/ dividend from the company.

Furthermore, the cost of Bajaj Finserv shares will fall, making them more accessibleto investors. One of the benefits of the stock split is that it makes these shares more accessible to investors.

Through the stock split, Bajaj Finserv hopes to entice small potential owners to invest in the company's future.

The stock market is volatile & risky. Consult a professional investment advisor before making any investment decisions!


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