Bajaj Finserv stock surges over 2% post announcement of stock-split, bonus issue

26 Jul 2022 , 10:33 AM

Bajaj Finserv stocks rally in the market on Tuesday’s trading session after notifying the date of meeting of the Board of Directors, i.e. July 28 2022, scheduled to consider and approve the unaudited financial results for the quarter ended June 30, 2022.

As per the filing, the Board of Directors will also consider a proposal for the below mentioned items at the said meeting:

• Sub-division (stock-split) of equity shares of the Company of face value of Rs5
• Issue of fully-paid bonus equity shares to the members of the Company.

The decision of the Board of Directors will be informed to the stock exchanges on July 28, 2022, the company said.

At around 10:35 AM on Tuesday, Bajaj Finserv was trading at Rs12,880 per share up by Rs269.35 or 2.14% from its previous closing of Rs12,610.65 per share on the BSE.