Hold Bajaj Finserv in your demat? Here's how many shares shall be credited post stock split & bonus issue

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Shares of the Nifty 50 component — Bajaj Finserv — traded pre-split and pre-bonus on Tuesday. If you keep a scrip in your demat account as of the record date, you will be eligible for both of these corporate actions.

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NBFCs announced the issuance of 1:1 bonus shares in July this year. The earlier date for the same is today and the record date falls on Wednesday.

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Since bonus shares are additional shares given as a reward to shareholders in some pre-specified proportion, you will be credited another share. Nevertheless, the value of the holding will remain.

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For stock split, the face value of the scrip will change from Rs 5 to Re 1. For every share you previously owned, you will now have five shares.

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If you had a share of Bajaj Finserv, your shareholding in the stock would increase by (1x5x2), given the 5:1 stock split and 1:1 bonus shares. for each share held after split and bonus in Bajaj Finserv.

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You will have 10 shares and its share price will also come down from one-tenth to Rs 1700 per share.

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