Bajaj Finance Ltd. on Tuesday introduced it’ll cut up every inventory into two and in addition problem bonus shares to over 70 lakh shareholders.
The board thought of and beneficial a subdivision of 1 totally paid-up fairness share of a face worth of Rs 2 every into two fairness shares of a face worth of Re 1 every, in keeping with an trade submitting.
The board additionally cleared the problem of bonus fairness shares within the ratio of 4:1. Every shareholder will get 4 bonus shares for each one held as of the report date, topic to the approval of shareholders by postal poll.
The final bonus problem from India’s largest non-banking monetary firm was in September 2016 within the 1:1 ratio.
(It is a growing story)
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