The Company has fixed Monday, 16 June 2025, as the ''Record Date'' for the purpose of determining the members eligible for the sub-division of existing equity shares and issue of bonus ....
Awaiting price reaction for this filing.
Bajaj Finance Limited has fixed Monday, 16 June 2025, as the Record Date to determine shareholders eligible for two corporate actions: (1) Sub-division (stock split) of every 1 equity share of face value Rs. 2 into 2 equity shares of face value Re. 1 each, and (2) Bonus issue in the ratio of 4:1, meaning 4 bonus shares for every 1 share held. Both actions are subject to shareholder approval, as recommended by the Board of Directors earlier on 29 April 2025. The company is communicating this under SEBI Listing Regulations, with scrip code 500034 on BSE.
Shareholders holding shares as of 16 June 2025 will benefit from both the stock split (lower per-share price, improved liquidity) and the 4:1 bonus issue (5x increase in share count). Historically, such combinations tend to be positively received by the market due to enhanced affordability and increased shareholder wealth on a per-share basis.