{"id":7098,"date":"2025-05-13T12:27:10","date_gmt":"2025-05-13T06:57:10","guid":{"rendered":"https:\/\/shop.igpinstitute.org\/insight\/?p=7098"},"modified":"2025-05-13T12:27:14","modified_gmt":"2025-05-13T06:57:14","slug":"case-study-bajaj-finance-bonus-issue-and-stock-split-ca-final-afm","status":"publish","type":"post","link":"https:\/\/shop.igpinstitute.org\/insight\/case-study-bajaj-finance-bonus-issue-and-stock-split-ca-final-afm\/","title":{"rendered":"Case Study: Bajaj Finance Bonus Issue and Stock Split &#8211; CA Final AFM"},"content":{"rendered":"\n<p>Corporate actions such as bonus issues and stock splits are not merely procedural; they represent strategic financial tools used by companies to manage market perception, share liquidity, and investor sentiment.<\/p>\n\n\n\n<p>Let\u2019s analyse the 2025 Bonus Issue and Stock Split by Bajaj Finance Ltd using key AFM concepts.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/shop.igpinstitute.org\/insight\/case-study-bajaj-finance-bonus-issue-and-stock-split-ca-final-afm\/#1_Corporate_Action_Breakdown\" >1. Corporate Action Breakdown<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/shop.igpinstitute.org\/insight\/case-study-bajaj-finance-bonus-issue-and-stock-split-ca-final-afm\/#Impact_on_Shareholders\" >Impact on Shareholders:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/shop.igpinstitute.org\/insight\/case-study-bajaj-finance-bonus-issue-and-stock-split-ca-final-afm\/#2_Relevance_to_CA_Final_AFM_Topics\" >2. Relevance to CA Final AFM Topics<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/shop.igpinstitute.org\/insight\/case-study-bajaj-finance-bonus-issue-and-stock-split-ca-final-afm\/#A_Valuation_of_Equity_Shares\" >A. Valuation of Equity Shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/shop.igpinstitute.org\/insight\/case-study-bajaj-finance-bonus-issue-and-stock-split-ca-final-afm\/#B_Impact_on_EPS_and_Valuation_Multiples\" >B. Impact on EPS and Valuation Multiples<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/shop.igpinstitute.org\/insight\/case-study-bajaj-finance-bonus-issue-and-stock-split-ca-final-afm\/#C_Liquidity_and_Market_Perception\" >C. Liquidity and Market Perception<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/shop.igpinstitute.org\/insight\/case-study-bajaj-finance-bonus-issue-and-stock-split-ca-final-afm\/#3_Financial_Analysis_Based_on_FY25_Q4_Results\" >3. Financial Analysis (Based on FY25 Q4 Results)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/shop.igpinstitute.org\/insight\/case-study-bajaj-finance-bonus-issue-and-stock-split-ca-final-afm\/#Capital_Structure_of_the_Last_5_Financial_Years\" >Capital Structure of the Last 5 Financial Years<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/shop.igpinstitute.org\/insight\/case-study-bajaj-finance-bonus-issue-and-stock-split-ca-final-afm\/#4_Return_Analysis_FY20%E2%80%93FY24\" >4. Return Analysis (FY20\u2013FY24)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/shop.igpinstitute.org\/insight\/case-study-bajaj-finance-bonus-issue-and-stock-split-ca-final-afm\/#5_Investor_Outlook_%E2%80%93_Long-Term_vs_Short-Term_AFM_Decision-Making\" >5. Investor Outlook \u2013 Long-Term vs Short-Term (AFM Decision-Making)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/shop.igpinstitute.org\/insight\/case-study-bajaj-finance-bonus-issue-and-stock-split-ca-final-afm\/#Conclusion_%E2%80%93_Strategic_Use_of_Bonus_and_Split\" >Conclusion \u2013 Strategic Use of Bonus and Split<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/shop.igpinstitute.org\/insight\/case-study-bajaj-finance-bonus-issue-and-stock-split-ca-final-afm\/#Exam-Ready_Takeaways_for_CA_Final_Students\" >Exam-Ready Takeaways for CA Final Students<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/shop.igpinstitute.org\/insight\/case-study-bajaj-finance-bonus-issue-and-stock-split-ca-final-afm\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Corporate_Action_Breakdown\"><\/span><strong>1. Corporate Action Breakdown<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th><strong>Action Type<\/strong><\/th><th><strong>Ratio<\/strong><\/th><th><strong>Effect<\/strong><\/th><\/tr><\/thead><tbody><tr><td>Bonus Issue<\/td><td>4:1<\/td><td>400% increase in share quantity<\/td><\/tr><tr><td>Stock Split<\/td><td>1:2<\/td><td>Halves the face value and doubles shares<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Impact_on_Shareholders\"><\/span><strong>Impact on Shareholders:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>If an investor held 50 shares:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>After 4:1 bonus \u2192 250 shares<br><\/li>\n\n\n\n<li>After 1:2 stock split \u2192 500 shares<br><\/li>\n<\/ul>\n\n\n\n<p>Share price drops in proportion, so total market value remains unchanged.<\/p>\n\n\n\n<p><strong><em>Read Also: <a href=\"https:\/\/shop.igpinstitute.org\/insight\/hostile-takeovers-explained-the-kraft-cadbury-case\/\">Hostile Takeovers Explained \u2013 The Kraft-Cadbury Case<\/a><\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Relevance_to_CA_Final_AFM_Topics\"><\/span><strong>2. Relevance to CA Final AFM Topics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A_Valuation_of_Equity_Shares\"><\/span><strong>A. Valuation of Equity Shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Pre-bonus\/split:<\/strong> Share price reflects earnings per share (EPS) on fewer shares.<br><\/li>\n\n\n\n<li><strong>Post-bonus\/split:<\/strong> EPS drops (more shares), but market cap remains same (theoretically).<br><\/li>\n<\/ul>\n\n\n\n<p><strong>Key concept:<\/strong><strong><br><\/strong> Market Cap = No. of Shares \u00d7 Market Price per Share<\/p>\n\n\n\n<p>Remains constant, unless there&#8217;s a change in business fundamentals.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"B_Impact_on_EPS_and_Valuation_Multiples\"><\/span><strong>B. Impact on EPS and Valuation Multiples<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>EPS gets diluted<\/strong>, so students should evaluate:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Adjusted EPS<\/strong><strong><br><\/strong><\/li>\n\n\n\n<li><strong>P\/E Ratio stability<\/strong><strong><br><\/strong><\/li>\n\n\n\n<li><strong>Intrinsic value pre\/post action<\/strong><strong><br><\/strong><\/li>\n<\/ul>\n\n\n\n<p>This is important while analysing valuation during M&amp;A, IPOs or strategic investment decisions, a core AFM theme.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"C_Liquidity_and_Market_Perception\"><\/span><strong>C. Liquidity and Market Perception<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>From an <strong>investment management perspective<\/strong>, the split and bonus:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Improve <strong>stock affordability<\/strong> \u2192 Increased liquidity<br><\/li>\n\n\n\n<li>Attract small <strong>retail investors<\/strong><strong><br><\/strong><\/li>\n\n\n\n<li>Signify <strong>management confidence<\/strong><strong><br><\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong>Strategic implication:<\/strong> While no change in intrinsic value, increased demand might push the market price higher, reflecting behavioural finance principles.<\/p>\n\n\n\n<p><strong><em>Read Also: <a href=\"https:\/\/shop.igpinstitute.org\/insight\/icai-ca-final-mtp-mock-test-paper\/\">ICAI CA Final MTP (Mock Test Paper)<\/a><\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Financial_Analysis_Based_on_FY25_Q4_Results\"><\/span><strong>3. Financial Analysis (Based on FY25 Q4 Results)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th><strong>Metric<\/strong><\/th><th><strong>Q4 FY25<\/strong><\/th><th><strong>YoY Growth<\/strong><\/th><\/tr><\/thead><tbody><tr><td>Net Interest Income (NII)<\/td><td>\u20b998.1 bn<\/td><td>+22%<\/td><\/tr><tr><td>Net Profit<\/td><td>\u20b944.8 bn<\/td><td>+17%<\/td><\/tr><tr><td>AUM<\/td><td>\u20b94,166.6 bn<\/td><td>+26%<\/td><\/tr><tr><td>Gross NPA<\/td><td>0.96%<\/td><td>\u2014<\/td><\/tr><tr><td>Net NPA<\/td><td>0.44%<\/td><td>\u2014<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Source: Equitymaster<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Capital_Structure_of_the_Last_5_Financial_Years\"><\/span><strong>Capital Structure of the Last 5 Financial Years<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Period<\/th><th>Instrument<\/th><th>Authorized Capital<\/th><th>Issued Capital<\/th><th>&#8211; P A I D U P &#8211;<\/th><\/tr><\/thead><tbody><tr><td><strong>FromTo<\/strong><\/td><td>&nbsp;<\/td><td><strong>(Rs. cr)<\/strong><\/td><td><strong>(Rs. cr)<\/strong><\/td><td><strong>Shares (nos)<\/strong><\/td><td><strong>Face Value<\/strong><\/td><td><strong>Capital<\/strong><\/td><\/tr><tr><td>2023 &#8211; 2024<\/td><td>Equity Share<\/td><td>150<\/td><td>123.80<\/td><td>618,007,991<\/td><td>2<\/td><td>123.60<\/td><\/tr><tr><td>2022 &#8211; 2023<\/td><td>Equity Share<\/td><td>150<\/td><td>121.09<\/td><td>604,420,832<\/td><td>2<\/td><td>120.88<\/td><\/tr><tr><td>2021 &#8211; 2022<\/td><td>Equity Share<\/td><td>150<\/td><td>121.09<\/td><td>603,279,841<\/td><td>2<\/td><td>120.66<\/td><\/tr><tr><td>2020 &#8211; 2021<\/td><td>Equity Share<\/td><td>150<\/td><td>120.52<\/td><td>601,565,625<\/td><td>2<\/td><td>120.31<\/td><\/tr><tr><td>2019 &#8211; 2020<\/td><td>Equity Share<\/td><td>150<\/td><td>120.34<\/td><td>599,946,491<\/td><td>2<\/td><td>119.99<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXf4yM1fGn4QfRe9fmSy7EvaFNWZM9IcFgaJ7Vt77ijedRME1xcJ2I23BPWkWQtXl5I-RdoA4vxpOSTzZm_N4LPLzCX4yRl5FsHXRTnChoIxRoGKIBoe2nQdJcAOkadYKrwuMI2F?key=3fRz2qHLIGI59DLzS8tjYQ\" alt=\"\"\/><\/figure>\n\n\n\n<p>Source Moneycontrol<\/p>\n\n\n\n<p><strong>Key AFM Link:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Credit risk analysis<\/strong> (NPA)<br><\/li>\n\n\n\n<li><strong>Capital Structure<\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong><em>Join Now:&nbsp;<a href=\"https:\/\/www.igpinstitute.org\/ca-final-sfm.php\">CA Final AFM Classes Online &amp; Pendrive<\/a><\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Return_Analysis_FY20%E2%80%93FY24\"><\/span><strong>4. Return Analysis (FY20\u2013FY24)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th><strong>Metric<\/strong><\/th><th><strong>FY20<\/strong><\/th><th><strong>FY21<\/strong><\/th><th><strong>FY22<\/strong><\/th><th><strong>FY23<\/strong><\/th><th><strong>FY24<\/strong><\/th><\/tr><\/thead><tbody><tr><td>Net Profit (\u20b9 Mn)<\/td><td>52,638<\/td><td>44,198<\/td><td>70,282<\/td><td>115,077<\/td><td>144,512<\/td><\/tr><tr><td>ROE (%)<\/td><td>16.4<\/td><td>12.1<\/td><td>16.2<\/td><td>21.4<\/td><td>19.1<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Source: Equitymaster<\/p>\n\n\n\n<p><strong>AFM Integration:<\/strong> Use of NPV-based valuation, and Financial Modeling to project future cash flows and estimate fair valuation after corporate action.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Investor_Outlook_%E2%80%93_Long-Term_vs_Short-Term_AFM_Decision-Making\"><\/span><strong>5. Investor Outlook \u2013 Long-Term vs Short-Term (AFM Decision-Making)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Long-Term Investors<\/strong>: Benefit from improved liquidity, psychological ownership, and dividend potential.<br><\/li>\n\n\n\n<li><strong>Short-Term Traders<\/strong>: The stock may see gains because small investors will now be able to invest in it, which they couldn&#8217;t do earlier. Since one share has become ten shares, the price per share has decreased due to a stock split, making it more accessible and potentially beneficial for positional trading.<\/li>\n<\/ul>\n\n\n\n<p><strong>AFM Decision Matrix<\/strong>: Apply tools like Fundamental vs Technical analysis, Investment Appraisal, and Risk-Return framework to evaluate buy\/hold\/sell decisions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion_%E2%80%93_Strategic_Use_of_Bonus_and_Split\"><\/span><strong>Conclusion \u2013 Strategic Use of Bonus and Split<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>From an AFM standpoint, Bajaj Finance&#8217;s 2025 bonus and split are strategic moves to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Reinforce market confidence<br><\/li>\n\n\n\n<li>Enhance affordability<br><\/li>\n\n\n\n<li>Signal long-term strength<br><\/li>\n<\/ul>\n\n\n\n<p>It\u2019s a non-dilutive capital restructuring technique that boosts shareholder engagement without affecting intrinsic value.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Exam-Ready_Takeaways_for_CA_Final_Students\"><\/span><strong>Exam-Ready Takeaways for CA Final Students<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Corporate Actions must be understood from both accounting and valuation perspectives.<br><\/li>\n\n\n\n<li>Use financial modeling to assess impact on share price, EPS, and shareholder wealth.<br><\/li>\n\n\n\n<li>Analyse post-action metrics like adjusted PE ratio, book value per share, and dividend distribution policy.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>1. How important is this case for CA Final students?<\/strong><\/h4>\n\n\n\n<p>This case study on Bajaj Finance is relevant for CA Final students, especially in the Advanced Financial Management (AFM) subject in the topic Security Valuation.<\/p>\n\n\n\n<p>It serves as a practical example to understand the significance of Earnings Per Share (EPS) and how corporate actions like bonus issues and stock splits affect key financial metrics.<\/p>\n\n\n\n<p>It also helps students apply these concepts during their post-qualification journey as finance professionals.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>2. If I have 300 shares of Bajaj Finance, how many shares will I have after the bonus and stock split?<\/strong><\/h4>\n\n\n\n<p>You can calculate it step-by-step:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bonus Issue:<\/strong> For every 1 share, you get 4 bonus shares.<br>So, 300 shares \u00d7 4 = 1,200 bonus shares.<br>Now, your total shareholding = 300 + 1,200 = 1,500 shares (all at \u20b92 face value).<br><\/li>\n\n\n\n<li><strong>Stock Split:<\/strong> Each \u20b92 share is split into two \u20b91 shares.<br>So, 1,500 \u00d7 2 = 3,000 shares.<br><\/li>\n<\/ul>\n\n\n\n<p>After both the bonus issue and stock split, you will hold <strong>3,000 shares<\/strong> in total.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Corporate actions such as bonus issues and stock splits are not merely procedural; they represent strategic financial tools used by companies to manage market perception, share liquidity, and investor sentiment. Let\u2019s analyse the 2025 Bonus Issue and Stock Split by Bajaj Finance Ltd using key AFM concepts. 1. Corporate Action Breakdown Action Type Ratio Effect [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7101,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[156],"tags":[186],"class_list":["post-7098","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ca-final","tag-ca-career"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Case Study: Bajaj Finance Bonus Issue and Stock Split - CA Final AFM - IGP Institute Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shop.igpinstitute.org\/insight\/case-study-bajaj-finance-bonus-issue-and-stock-split-ca-final-afm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Case Study: Bajaj Finance Bonus Issue and Stock Split - CA Final AFM - IGP Institute Blog\" \/>\n<meta property=\"og:description\" content=\"Corporate actions such as bonus issues and stock splits are not merely procedural; they represent strategic financial tools used by companies to manage market perception, share liquidity, and investor sentiment. Let\u2019s analyse the 2025 Bonus Issue and Stock Split by Bajaj Finance Ltd using key AFM concepts. 1. 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