Bajaj Finance announces stock split, bonus shares amid strong results

Bajaj Finance (BSE:BAJFINANCE) has announced a stock split and issuance of bonus shares, subject to shareholder approval, as part of a series of corporate actions. The company's board recommended a subdivision of shares from INR 2 to INR 1 and four fully-paid bonus shares for every one held. Alongside these actions, a final dividend of INR 44 per share has been recommended, representing 18.88% of standalone profit excluding exceptional gains, and a special interim dividend of INR 12 per share was declared from exceptional gains related to the BHFL IPO listing.