Bajaj Finance Shares Zoom After Adjusting To 4:1, Stock Split

After the stock started trading adjusted for its previously announced bonus issue and stock split, shares of Bajaj Finance Ltd., one of India's largest non-bank lenders, increased on Monday, June 16. Bajaj Finance announced the issuance of four bonus shares for each share held as of the record date in conjunction with the results of its March quarter.

Furthermore, Bajaj Finance had previously declared that it would divide a single share worth Rs 2 into two shares worth Rs 1. This implies that the bonus issue and stock split will be available to shareholders who held shares of Bajaj Finance at the end of Friday.

For instance, a shareholder will receive 40 shares as a bonus (4 for 1) if he has 10 shares of Bajaj Finance at the end of Friday's session. His total now stands at fifty shares. Furthermore, those 50 shares will subsequently be divided in half, increasing the total to 100 shares.

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The bonus issue and stock split will not be available to those purchasing shares on this date.

Disclaimer: This is just a piece of news about recent development in the stock. Jagran does not advise investing. Please seek expert advice before investing.