Financial service sector veteran company Bajaj Finance Has announced a great news for its shareholders! The company has its own Stock split (Division of shares) and Bonus issue For (issuing free shares) Record date Has decided, due to which the company’s shares in early trade on Monday (today) 2% Jumped more than more than. This news has brought double happiness for investors.
What is the announcement?
Board of Directors of Bajaj Finance (Board of Directors) shares of the company Stock split in ratio of 1: 2 Has approved to do. This means that if you currently have a share of the company, it will divide into two shares. Suppose if the value of the stock is ₹ 7000, then after the split it will turn into two shares of ₹ 3500.
Along with this, the company has its shareholders Bonus share in ratio of 1: 1 Has also announced to release. This means that you will get an additional shares for free on every existing share (after split). For example, if you have two shares after the split, you will get two additional bonus shares, which would have a total of four shares, while the first one was the same.
Record date:
The company for both these corporate action Record date Wednesday, June 19, 2024 Have decided. This means that investors who shares Bajaj Finance on June 19 will be entitled to the benefits of these stock splits and bonus issues.
What will be the effect on investors?
This announcement is considered very positive for investors:
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Increase in liquidity: Stock split will reduce the price per-share of shares, which will also be able to buy small investors easily and increase the liquidity in the shares.
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More attraction for investors: Low -priced shares usually attract more investors.
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Increase in capital: Getting bonus shares will increase shareholding of investors without additional investment, which can also increase the benefits earned by them in future.
The market has positively welcomed this news, as shows a jump of 2% in shares. This step not only rewards existing shareholders, but also attracts new investment in the company, which is expected to further strengthen Bajaj Finance.
