Bajaj Finserv share price jumps 6% as stock turns ex-split, ex-bonus today; know how investors will be allotted shares

Bajaj Finserv stock split, bonus share record date 2022: Shares of Bajaj Finserv rose more than six per cent in early trade as the counter started trading ex-bonus and ex-split on Tuesday, September 13, 2022.  

In the opening trade, Bajaj Finserv share price jumped 6.1% to Rs 1821 per share ahead of 1:1 bonus and 1:5 stock split record date.  

Bajaj Finserv stock split, bonus share record date 2022  

The Board of Directors of the company earlier had approved the proposal of stock split or sub division of equity shares in the ratio of 1:5 and also given its nod for the issuance of bonus shares in the ratio of 1:1. Bajaj Finserv stock split, bonus share record date 2022 to determine the eligibility of shareholders has been set as September 14 for both corporate announcements.   

"Bajaj Finserv has fixed 14 September 2022 as record date for sub-division of each existing equity share of face value of Rs. 5/-(Rupees Five only) into Five (5) equity shares of face value of Rs. 1/-(Rupee one only) fully paid-up; and issue of one bonus equity shares of face value of Rs. 1/- (Rupees one only) for every 1 (one) fully paid-up equity share of Rs. 1/-(Rupees one only) of the Company," the company has said in a regulatory filing.   

How will investors be allocated shares of Bajaj Finserv shares post split and bonus share? 

As per ICICI Direct, an investor (eligible shareholder) would get shares in the multiple of number of share held by them*split shares* bonus share. Stating an illustration, it says let’s consider you own 200 shares of Bajaj Finserv. "Now, after the 5:1 stock split and 1:1 bonus share issue, your net shareholding of this stock would become 2000 (200 x 5 x 2)," said ICICI Direct. 

Who is eligible for Bajaj Finserv stock split, bonus share 2022?   

The investors who holds Bajaj Finserv before the record date, which is September 14, would be entitled for stock split and bonus stocks. The record date is the cut-off date on or before which you need to have the shares in your demat to be eligible for the benefits of splits and bonuses.  Investors who ‘hold’ the shares of that company before the record date are eligible for the benefits of a stock split/stock bonus.  

Bajaj Finserv share price history 

As of September 13, shares of Bajaj Finserv have risen by 15% in the past one month and jumped a whooping 60% in the past three months amid bonus and stock split update. One-year return of Bajaj Finserv stands at a little over seven per cent, while the stock yielded 197% return in the past two years. The counter has given a return of over 2300% return in the past 10 years.