BAJAJ FINSERV, a subsidiary of the Bajaj Group has announced that it will split its shares and issue share bonus shares to its shareholders.
Bajaj Finserv Limited is a Non-Banking Financial Services company based in Pune, India. It is primarily concerned with Lending, Asset Management, Wealth Management, and Insurance.
Bajaj Finserv will first split its stock and then issue bonus shares. Bajaj Finserv's share split ratio is 5:1, which means that for every 1 share held by its investors, it will issue 5 bonus shares.
When a company declares a stock split, the number of shares issued increases while the market cap remains unchanged. Existing shares were split, but the underlying value remained unchanged.
Bajaj Finserv's share Bonus ratio is 1:1, which means that for every share the shareholders own, they will receive one Bonus share.
Bonus shares are additional shares given to current shareholders at no additional cost, based on the number of shares owned.
Bajaj Finserv Stock Price Bajaj Finserv Stock Price History
The Board of Directors of Bajaj Finserv has set 14-September-2022 as the record date to determine the eligibility of shareholders for the Stock Split with the ex-date falling on 13-September-2022.
Based on NSE data, the 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.