Bajaj Holdings Dividend: Last Day To Buy Shares To Qualify — Details Here
The total value of the dividend to be disbursed amounts to around Rs 311 crore.
Shares of Bajaj Holdings and Investment Ltd. will be of interest on Thursday as the day marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.
The record date determines shareholders eligible to receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
Bajaj Holding's board announced a final dividend of Rs 28 per share for financial year 2025. The record date to determine the shareholders eligible for the dividend payout has been fixed as June 27.
The total value of the dividend to be disbursed amounts to around Rs 311 crore.
Given India's T+1 settlement cycle, shares purchased on the record date (June 27 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by June 26 will be the beneficiaries.
In comparison, the company had given an interim dividend of Rs 65 in September 2024 and a final dividend of Rs 21 in June 2024.
Earlier in the month, Bajaj Holdings & Investment Ltd. sold shares of Bajaj Finserv Ltd. worth Rs 2,002.21 crore, through a block deal, according to an exchange filing. The company sold 1.04 crore equity shares to public shareholders. This makes up 0.65% of paid up capital of Bajaj Finserv.
Bajaj Holdings is a holding and investment company and earns income through dividends, interest and gains on investment held. The company has a stake of 39.03% and 34.22% in group companies Bajaj Auto Ltd. and Bajaj Finserv Ltd., respectively.
The Pune-based firm has been registered as a non-banking financial company with the Reserve Bank of India and is classified as a 'Systemically Important Non-deposit taking NBFC', as per regulations.
