Bajaj Finance approves bonus share issue of over 26.9 cr

Image
Press Trust of India New Delhi
Last Updated : Sep 14 2016 | 8:07 PM IST
Bajaj Finance today said it will issue one bonus equity share for each share held by investors.
The company in a filing to BSE said that the allotment committee of its board has approved the bonus share issue in the 1:1 ratio.
"The Allotment Committee constituted by the Board of Directors of the company at its meeting held today (September 14) has approved allotment of 269,360,950 bonus equity shares of face value of Rs 2 each to the members holding shares as on the record date," the filing said.
Earlier on August 30, the company had informed that it will issue bonus shares in the 1:1 ratio.
Bajaj Finance stock closed 0.88 per cent up at Rs 1,103.85 on BSE.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 14 2016 | 8:07 PM IST

Next Story