The company in a filing to the BSE said the allotment committee of its board has approved the bonus share issue in the ratio of 1:1.
“The Allotment Committee constituted by the Board of Directors of the company at its meeting held today (September 14) has approved allotment of 269,360,950 bonus equity shares of face value of Rs. 2 each to the members holding shares as on the record date,” the filing said.
Earlier on August 30, the company had informed that it will issue bonus shares in the 1:1 ratio.
Shares in Bajaj Finance, on Wednesday, ended 0.88 per cent higher at Rs. 1,103.85 apiece on the BSE, whose benchmark Sensex index finished up 0.07 per cent.