News

Published: September 14, 2024
Updated: September 14, 2024

Bajaj Holdings Rewards Shareholders with Rs 65 Interim Dividend Per Share

Dividend Announcement

Bajaj Holdings & Investment Ltd.'s board has approved an interim dividend of Rs 65 per share for the financial year ended March 2025, totaling Rs 723 crore in payouts to shareholders.

Record Date and Payment Details

The record date for determining eligible shareholders has been set as September 25, with payments scheduled for October 10.

Comparison with Previous Years

This year's interim dividend is lower than the Rs 110 paid out in the previous two years.

Company Overview

Bajaj Holdings is a holding and investment company, generating income through dividends, interest, and investment gains. It holds significant stakes in group companies Bajaj Auto Ltd. and Bajaj Finserv Ltd.

Share Price Movement

Bajaj Holdings' shares rose 1.6% intraday to Rs 10,481 apiece, later trading 0.18% higher at Rs 10,322.9.

Performance Metrics

The company's shares have risen 45% in the last 12 months and 32% year-to-date, with a relative strength index of 56. Bajaj Holdings' interim dividend announcement rewards shareholders with a significant payout, reflecting the company's commitment to sharing its financial success.