Bajaj Finserv to consider stock split, issue bonus shares offer this week

“Meeting of the Board of Directors, i.e. 28 July 2022, is scheduled to consider and approve the unaudited financial results for the quarter ended 30 June 2022. Please be informed that the Board of Directors will also consider the proposal for the items mentioned below. Meeting – 1. Sub-division of equity shares of the Company of face value of Rs. 5, and/or 2. Issue of fully paid-up bonus equity shares to the members of the Company,” Bajaj Finserv said.

The decision of the Board of Directors will be communicated to the stock exchanges on 28 July 2022. The above proposal, if approved by the Board, would be subject to the approval of the shareholders, the company said.

a stock split Increases the number of outstanding shares by issuing more shares to existing shareholders. A stock split reduces the market value of individual shares, however, the market capitalization of the company does not change.

A company engages in a stock split decision to make its stock more affordable if its price level is too high, which will increase the liquidity in the stock. During this, bonus share Fully paid-up shares are additional shares issued by a company to its existing shareholders.

first article