Bajaj Finance Ltd. shares were trading in mild green on April 24, a day after the firm said its board will convene on April 29, 2025, to deliberate on several key financial proposals, including an interim dividend, a stock split, and a bonus share issue., apart from March quarter results.
Bajaj Finance disclosed this development in a regulatory filing, indicating that the board will assess the feasibility and specifics of these corporate actions. The interim dividend, if approved, would provide shareholders with a portion of the company's profits ahead of the final dividend declaration.
At 10:05 am on April 24, Bajaj Finance's shares were trading 0.5% higher at Rs 9,370 apiece.
The blue-chip stock delivered over 35% year-to-date returns in 2025 so far and added over Rs 1.5 lakh crore to investor wealth. Its market capitalisation is hovering near the Rs 6 lakh crore-mark, after surging to a fresh 52-week high of Rs 9,660 on April 24.
A stock split would involve dividing existing shares into multiple new shares, thereby reducing the share price and making it more accessible to a broader range of investors. Similarly, a bonus issue would entail the distribution of additional shares to existing shareholders without any additional cost, effectively increasing the total number of shares in circulation.
These proposed measures are aimed at enhancing shareholder value and improving the liquidity of Bajaj Finance's stock in the market. The outcomes of the board meeting will be closely watched by investors and market analysts alike.
Bajaj Finance is a leading non-banking financial company (NBFC) in India, offering a wide range of financial services including consumer finance, SME lending, and commercial lending. The company's strategic decisions, such as the ones under consideration, play a significant role in shaping investor sentiment and market dynamics.
Investors are advised to stay tuned for the official announcements post the board meeting on April 29, which will provide detailed information on the approved corporate actions and their implementation timelines.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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