Bajaj Finserv Stock Record-date For Split, Bonus Tomorrow, Share Price Up 4.7%

Bajaj Finserv has fixed 14 September 2022 as the 'record date' for its stock split and bonus shares issue. According to information available with NSE, the stock's Face Value Split (Sub-Division) from Rs. 5 per share will be Re. 1 per share (ratio of 1:5). Its ex-date for the stock split was September 13, 2022, and the record date will be September 14, 2022. The company also announced a Bonus Share in the ratio of 1:1, its ex-date was September 13, 2022, and the record date will be September 14, 2022.

The company's share surged by 4.7% intra day, and closed at Rs. 1,795.10, today, on September 13. Additionally, in the last 5 days, its share price also gained by 5.47%.

In the equity markets, a stock split is known as increasing the number of shares of a listed company that are outstanding by issuing more shares to the current shareholders. By announcing a stock split, a company can drop off the market price of the individual shares, without changing the market capitalization. A stock split can make a stock more affordable for the shareholders. On the other hand, bonus shares are known as the additional shares a company offers to its shareholders, to attract new investors.

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