13 Sept 2022 , 02:24 PM
The company has set September 14, 2022, as the 'Record Date' for identifying members, eligibility for sub-division of existing equity shares, and the issuance of bonus equity shares.
On July 28, 2022, the board of directors of Bajaj Finserv approved the split of one existing equity share with a face value of Rs5 into five fully paid-up equity shares with a face value of Rs1. The board also authorized the issuance of one bonus equity share with a face value of Rs1 for every one equity share held in the company with a face value of Rs1.
The company and its subsidiaries have developed greatly in terms of business and performance over the years, according to the management, which explained the rationale for the split and the issuance of bonus shares.
Bajaj Finserv surged 55% in the last two months, compared to a 13% rise in the S&P BSE Sensex.
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