Bajaj Finance shareholders get double advantage of bonus shares and split, know detail and record date
Bajaj finance Has made his shareholders bat-bat. The company has now announced a bonus share and stock split after giving dividend. Bajaj Finance announced the record date for 1: 2 stock split and 4: 1 bonus share issue on 6 June. The company said in the exchange filing that 1 (one) equity share with a 2 rupee face value will be divided into 2 (two) equity shares with a face value of Rs 1, which will be completely paid. The company also announced the issue of bonus shares in 4: 1 ratio. This means that eligible shareholders will get 4 bonus equity shares of Rs 1 inscribed price for every 1 completely paid equity share, which will be of Rs 1 inscribed price.
Record date set on 16 June
According to the exchange filing, Bajaj Finance has set a record date on 16 June to determine the eligible shareholders for both stock split and bonus share issue. On Friday, NBFC stock rose 5 percent to close at ₹ 9,372 per share. Earlier, the Board of Bajaj Finance announced a dividend of Rs 44 on each equity share for the financial year 2024-25 on 29 April. A record date for this was fixed on 30 May.
Company profit increased
For the March quarter, the company recorded a year-on-year growth in its consolidated net profit by 19 percent, which increased to ₹ 4,545.6 crore. Pure interest income (NII) was slightly lower than estimated, which was ₹ 9,807.1 crore as compared to the expected ₹ 9,880.9 crore. The company’s managing asset (AUM) increased by 26 percent on an annual basis, reaching Rs 4.17 lakh crore by 31 March 2025. The increase of Rs 18,700 crore during the quarter shows a continuous debt demand. The company’s managing asset (AUM) increased by 26 percent on an annual basis, reaching Rs 4.17 lakh crore by 31 March 2025. The increase of Rs 18,700 crore during the quarter shows a continuous debt demand.
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