Thursday, October 08
India's largest NBFC, Bajaj Finance, has set Monday, June 16, 2025, as the record date for its 1:2 stock split and 4:1 bonus share issue. The board approved both corporate actions on April 29, alongside the company’s Q4FY25 results. Under the stock split, there will be a sub-division of 1 equity share of face value of Rs 2 each, fully paid-up, into 2 equity shares of face value of Re 1 each, fully paid-up. Meanwhile, with the 4:1 bonus equity shares, every share investors hold as of the record date will receive an additional four shares.The company announced the record date on Friday after market hours. Bajaj Finance shares closed at Rs 9,372 on the NSE, rising Rs 438 or 5%, boosted by a surprise 50 basis points repo rate cut by the Reserve Bank of India (RBI) following its June Monetar
Sectors such as banking, NBFCs, real estate, and automobiles are expected to be the key beneficiaries of the current easing interest rate environment, according to a report by Nexedge Research.The report mentioned that with borrowing costs on a downward trend, these rate-sensitive segments are likely to witness stronger credit flow, lower financing costs, and improved demand conditions.It said, "Banking, NBFCs, real estate, and automobiles are well positioned to benefit from lower borrowing costs."The report also noted that the Indian economy is entering a phase marked by benign inflation and ample liquidity, creating a sustained low-interest rate backdrop. This is already evident in the falling money market rates and a notable softening in the 10-year government bond yield.The report ment
