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Published 2 years ago

Bajaj Finserv splits stock to attract more retail investors, shareholders get bonus shares too

Summary by Ground News
The board of the company approved the sub-division of equity shares of face value of £5 each. The company will complete the process on or before September 26, 2022, subject to necessary regulatory approvals. Bajaj Finserv said that the firm has grown significantly, in terms of business and performance, over the years, which is reflected in the share price.

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Live MintLive Mint

Bajaj Finserv announces bonus issue, stock split; shares zoom

Bajaj Finserv's board has approved bonus shares issue in the ratio of 1:1

2 years ago·New Delhi, India
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Business StandardBusiness Standard

Bajaj Finserv surges 8% ahead of board meet for bonus, stock split

The company is expected to post 25.8 per cent YoY growth in Q1 revenue, led by pick up in lending business coupled with continued healthy traction in premium accretion in insurance business.

2 years ago·India
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BQBQ

Bajaj Finserv Surges On Q1 Beat, Stock Split, Bonus Issue

Shares of Bajaj Finserv surged over 9.5%, the most in at least a year, after company reported more-then-expected net income for the quarter-ended June and approved a stock split and a bonus issue.Q1FY2022-23 (Consolidated, YoY)Net income at Rs 1,309.4 crore Vs. Rs 832.8 crore (Bloomberg estimate: Rs 871 crore).Revenue at Rs 15,888.3 crore Vs. Rs 13,949.5 crore.Interest income at Rs 8,971.5 crore Vs. Rs 6,937.3 crore.The company approved sub-divi…

2 years ago
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Financial ExpressFinancial Express

Bajaj Finserv splits stock to attract more retail investors, shareholders get bonus shares too

Along with the issue of bonus equity shares and splitting the stock, the company also announced its quarterly results for the April-June quarter.

2 years ago
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Business TodayBusiness Today

Bajaj Finserv shares climb 10% after board announces stock split, bonus issue

Shares of Bajaj Finserv were among the top gainers on Sensex and Nifty today after board of directors announced a stock split and bonus issue of equity shares. Board of the company approved the sub-division of equity shares in 1:5 ratio. This means each share of Bajaj Finserv having a face value of Rs 5 will be split into five shares with a face value of Re 1 each.

2 years ago·India
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FortuneIndiaFortuneIndia

Bajaj Finserv share jumps 9% on bonus, stock split plan; Q1 profit zooms 159%

Bajaj Finserv reports the highest ever quarterly consolidated profit after tax of ₹2,596 cr in June quarter of 2022, compared to ₹1,002 crore in Q1FY22

2 years ago
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