Bajaj Finserv stock split, bonus share record date 2022: Would you be eligible for bonus, split benefits if you buy shares today?

Bajaj Finserv stock split, bonus share record date 2022: Shares of NBFC (non-banking financial institution) major Bajaj Finserv will start trading ex-bonus and ex-split from tomorrow, Tuesday. The company has announced stock split and bonus share in 1:5 and 1:1 ratio respectively.  

Bajaj Finserv stock split 2022 

As per Bajaj Finserv stock split 2022, the company has announced to split each existing equity share having a face value of Rs 5 each into five equity shares having a face value of Rs 1 per equity share. It means the investors who holds one share of Bajaj Finserv on the record date will be allotted five equity shares for every one share held by them in their portfolio.  

Bajaj Finserv bonus share date 2022 

The NBFC company has announced a bonus in the ratio of 1:1, which means an eligible shareholder having one equity share on the record date is entitled for one more share against it.  

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.  

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

The investors who holds Bajaj Finserv before the record date 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. 

Meaning, if you buy this stock today, you can have shares in your demat account in your portfolio by September 14.  

Investors who ‘hold’ the shares of that company before the record date are eligible for the benefits of a stock split/stock bonus. 

If an investor buy the shares of Bajaj Finserv on12th September those shares should be credited to his/her Demat account on 14th September (i.e. the record date), thus making you eligible for the bonus and the split, says ICICI Direct.  

How many shares you get after stock split, bonus disbursement?  

As per ICICI Direct, an investor 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.  

Meanwhile, shares of Bajaj Finserv traded with a gain of nearly one per cent to Rs 17352.45 per share in BSE intraday trade ahead ex-date on September 13