Bajaj Finance clarifies volume increase, announces bonus share allotment
Bajaj Finance (BSE: BAJFINANCE) has clarified the reason behind a significant increase in trading volume, attributing it to the upcoming sub-division of equity shares and the issuance of bonus shares. The company's board had approved these actions on April 29, 2025, including a sub-division of each equity share with a face value of INR2 into two shares with a face value of INR1 each, alongside a bonus issue in the ratio of 4:1. This means four bonus equity shares of INR1 each were issued for every one existing equity share of INR1. These proposals received shareholder approval via postal ballot on June 7, 2025. Bajaj Finance had previously informed the stock exchanges of a record date of June 16, 2025, for the sub-division and bonus issue, with a deemed allotment date of June 17, 2025. Further, the company officially announced that the Allotment Committee allotted 4,97,14,29,216 equity shares of INR1 each as fully paid-up bonus equity shares. Consequently, the paid-up equity share capital of the Company stands increased to INR 6,21,42,86,520 divided into 6,21,42,86,520 equity shares of INR1 each.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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