Bajaj Finance announces the stock split
BAJFINANCE announced a 4:1 bonus issue and 1:2 stock split. Its Q4 net profit rose 17% to Rs 4,480 crore, exceeding estimates.
Revenue was Rs 18,457 crore, with AUM growing 26% and new loans up 36%.
The company declared dividends of Rs 56 per share, with payment dates in May and July, partly from selling its stake in Bajaj Housing Finance.
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