Bajaj Finserv stock split

Bajaj Finserv announces stock split

Bajaj Finserv stock prices went up by 10 percent to Rs 14,579 on the BSE after the board agreed to split the shares in the ratio 1:5 and issue bonus shares in the ratio 1:1. On July 28, 2022, it was announced by the board that going forward the face value of existing shares will be subdivided in the ratio of 1:5 implying that each existing share of Rs 5 will be divided into 5 shares of Rs 1. In addition to the stock split, the board also announced the issue of 1 bonus share for every equity shareholder.

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