Bajaj Finance completes stock-split process

Bajaj Finance said it has completed the corporate action for the stock-split plan in the 1:5 ratio.
"We wish to inform you that the corporate action for sub-division of equity shares of face value of Rs 10 each into equity shares of face value of Rs 2 each has been completed," it said in a regulatory filing.
The company also informed that the corporate action for bonus equity shares is expected to be completed after completion of allotment and listing formalities.
On August 30, the company had informed about the shareholders approving the proposals to split its stock in the 1:5 split and issuance of bonus shares in 1:1 ratio.

Bajaj Finance stock had closed 0.15 per cent up at Rs 10,772 on BSE, the date when it had approved the stock split in the 1:5 ratio.
The company scrips closed 5.05 per cent down at Rs 1,094.20 on the bourse today.