Bajaj Finserv Fixes Record Date for Two Corporate Rewards: Details Here

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Bajaj Finserv Fixes Record Date for Two Corporate Rewards: Details Here
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The financial services heavyweight Bajaj Finserv's (NS: BJFS ) shares jumped 5.42% on Tuesday, after the company fixed the record date of two corporate rewards for its shareholders, announced last month.

The leading NBFC’s board of directors has fixed September 14, 2022, as the record date for bonus share issue and stock split of its equity shares.

On July 28, 2022, Bajaj Finserv’s board approved:

  • Stock split in the ratio of 1:5: Sub-division of each existing equity share of face value of Rs 5 each into five equity shares of face value of Re 1 apiece, on a fully paid-up basis, followed by
  • Bonus share issue at a 1:1 ratio: One bonus equity share of face value of Re 1 each will be issued for every one fully paid-up equity share of Re 1.

The NBFC will determine eligible shareholders for sub-division of existing equity shares and the issue of bonus equity shares on Sept 14, as per the company’s exchange filing.

Regarding the stock split and issuance of bonus shares to its shareholders, Bajaj Finserv said that the rewards are consequent of the significant growth witnessed in the company and its subsidiaries over the years, based on business and performance.

The financial heavyweight’s stock was the top gainer on headline indices Nifty50 and Sensex on Aug 30.

Read Also: Zooming Into Bajaj Finserv’s Corporate Rewards to Shareholders in Q1

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  • UTSAV JAIN @UTSAV JAIN
    if I buy these shares on 1 sept 2022 will i be eligible for bonus benefit by company as it is before the record date ?
    Like 7
    • Sagar Maind @Sagar Maind
      Like 0
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      100
  • UTSAV JAIN @UTSAV JAIN
    if I buy these shares on 1 sept 2022 will i be eligible for bonus benefit by company as it is before the record date ?
    Like 3
  • UTSAV JAIN @UTSAV JAIN
    if I buy these shares on 1 sept 2022 will i be eligible for bonus benefit by company as it is before the record date ?
    Like 3

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