Bajaj Finance share price crashes 90% today; here’s why
Bajaj Finance Ltd (BAF) shares on Monday turned ex-split in the ratio of 1:2 and ex-bonus in the ratio of 4:1. Adjusted for the bonus issue and stock split, the BAF stock was trading 2.26 per cent higher at Rs 954.50 on BSE at open.
To be sure, Bajaj Finance shares were down 89.99 per cent over Friday’s unadjusted closing price of Rs 9,334.15 apiece on BSE. It is possible that trading apps of certain brokerages might be showing this unadjusted Bajaj Finance share price (adjusted price: Rs 933.40) for Friday and, thus, suggesting a 90 per cent-odd fall on the counter.
Since June 16 was set as the record date for the two corporate actions, Bajaj Finance would determine eligible shareholders today only.
In a stock split,…
