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.
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