Adjustment of F&O contracts, Sub-division of equity shares and Bonus Issue of Bajaj Finserv Ltd.

Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.

Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.

As per the recent NSE and BSE circulars, Bajaj Finserv Ltd. is issuing 1  bonus share for every 1 existing share held. Also, 1 equity share will be sub-divided into 5 shares. The key dates for the Bonus Issue are as follows:

Company NameRecord dateEx-Bonus basis from Date 
Bajaj Finserv Ltd.14-Sep-2213-Sep-22

In pursuant to the bonus issue of equity shares, the market lot size for F&O contracts of Bajaj Finserv Ltd. will be revised w.e.f. 14-Sep-22 as follows:

Scrip NameCurrent Market Lot size for F&O contractsRevised Market lot size for F&O contracts
Bajaj Finserv Ltd.50500

Refer: BSE circular | NSE circular

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