Bajaj Finserv gains 4% as board to consider bonus, stock split plan

The company's board will meet on July 28, 2022, to consider a proposal for the sub-division of equity shares of the Company and/or issue of fully-paid bonus equity shares

Shares of Bajaj Finserv gained 4 per cent to Rs 13,096.80 on the BSE in Tuesday's intra-day trade, in an otherwise weak market, after the company announced that its board will consider maiden bonus issue and stock split plan on Thursday, July 28, 2022.

At 09:26 AM, the stock was 2.6 per cent higher at Rs 12,935, as compared to a 0.47 per cent decline in the S&P BSE Sensex.

"The board of directors, at its meeting scheduled on July 28, 2022, will also consider a proposal for the sub-division of equity shares of the Company of face