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 Name | Record date | Ex-Bonus basis from Date |
| Bajaj Finserv Ltd. | 14-Sep-22 | 13-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 Name | Current Market Lot size for F&O contracts | Revised Market lot size for F&O contracts |
| Bajaj Finserv Ltd. | 50 | 500 |
Refer: BSE circular | NSE circular
