New Delhi: Bajaj Finance said it has completed corporate action for its stock-split plan in the ratio of 1:5.
"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 ratio of 1:5 and issuance of bonus shares in the ratio of 1:1.
Bajaj Finance stock had closed 0.15 per cent up at Rs 10,772 on the BSE on the day it had approved the stock split in 1:5 ratio.
On Monday, the shares ended 5.05 per cent lower at Rs 1,094.20 apiece on the bourse, whose benchmark Sensex index finished down 1.54 per cent.
New Delhi: Bajaj Finance said it has completed corporate action for its stock-split plan in the ratio of 1:5.
"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 ratio of 1:5 and issuance of bonus shares in the ratio of 1:1.
Bajaj Finance stock had closed 0.15 per cent up at Rs 10,772 on the BSE on the day it had approved the stock split in 1:5 ratio.
On Monday, the shares ended 5.05 per cent lower at Rs 1,094.20 apiece on the bourse, whose benchmark Sensex index finished down 1.54 per cent.
New Delhi: Bajaj Finance said it has completed corporate action for its stock-split plan in the ratio of 1:5.
"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 ratio of 1:5 and issuance of bonus shares in the ratio of 1:1.
Bajaj Finance stock had closed 0.15 per cent up at Rs 10,772 on the BSE on the day it had approved the stock split in 1:5 ratio.
On Monday, the shares ended 5.05 per cent lower at Rs 1,094.20 apiece on the bourse, whose benchmark Sensex index finished down 1.54 per cent.
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