HomeMarket NewsBajaj Finance bonus, stock split record date: What happens if you own 50 shares?
Bajaj Finance had announced a stock split, where it will be dividing one share with a face value of ₹2 into two shares of ₹1 each.
Bajaj Finance Ltd., India's largest non-bank lender had announced a bonus issue as well as a stock split along with its March quarter results.
The company had announced a stock split, where it will be dividing one share with a face value of ₹2 into two shares of ₹1 each.
Additionally, the company will also issue four bonus shares for every one share that shareholders own at the end of the record date, which has now been fixed as Monday, June 16. This means, that investors will need to have shares of Bajaj Finance into their portfolio by the close of trade on Friday, June 13, to be eligible for the bonus issue and the stock split.
But what does that mean for you as a shareholder?
Assuming the fact that a shareholder has 50 shares on Bajaj Finance as on the record date, the issue of four bonus shares for every one share would mean that a shareholder would receive 200 shares for the 50 shares owned, taking the total count to 250 shares.
Additionally, the stock split will mean that one share will turn into two shares, meaning that the 250 shares post the bonus allotment, will turn into 500 shares once the stock split takes effect.
Therefore, a shareholder who has 50 shares of Bajaj Finance as on the record date, will have 500 shares at the end of the exercise.
Bajaj Finance had mentioned that they plan to complete this exercise on or before June 27.
Shares of Bajaj Finance are currently trading 0.4% lower today at ₹9,568. The stock has gained 6% in the last one month. Shares have risen 38% so far in 2025, and feature among the best performers on the Nifty 50 index on a year-to-date basis.