Bajaj Finance bonus issue and stock split
According to Bajaj Finance, the bonus issue and the stock split will be executed on or before June 27, subject to necessary approvals, reflecting the company’s ‘strong financial position, robust reserves, and positive growth outlook’, a statement said.
What it Means for Shareholders?
A Bajaj Finance shareholder who owns 10 shares of the company as on the record date (yet to be announced) will get an additional 40 shares after the bonus issue in the ratio of 4:1 once it is executed and will subsequently have a total of 50 shares of the company.
These 50 shares will then split into 100 shares after the stock split takes effect in the ratio of 1:2. Therefore, the shareholder who had 10 shares as on the record date, will have 100 shares of the company after the bonus issue and stock split are executed. The NBFC had previously announced a share split in 2016, dividing the shares in 1:5 ratio at that time.
Bajaj Finance Dividend
Along with the stock split and bonus issue, Bajaj Finance had also announced a final dividend of Rs 44 per equity share and a special dividend of Rs 12 per equity share. This took the total dividend announced by the firm to Rs 56 per share during FY25.
The record date to determine the eligibility of the shareholders set to receive the final dividend has been set on May 30, and will be paid on or around July 28. The record date for the special interim dividend has been set on May 9 and it will be paid to the eligible shareholders on or around May 26.
The NBFC said the special interim dividend was being paid after taking into account the exceptional gain resulting from the sale of investment in Bajaj Housing Finance, as part of the IPO listing in September 2024.
