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Bajaj Finance shares are set to trade ex-split and ex-bonus. This follows the company's recent corporate actions. Investors who held the stock by June 13 are eligible. They will receive split shares and bonus shares. The stock split ratio is 1:2. The bonus share ratio is 4:1. The record date for eligibility is June 16.
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Leonard Lauder took over his parents' company in 1958 and served as chief executive for 17 years.
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Former RBI Deputy Governor BP Kanungo is set to join IIFL Finance as an independent director, succeeding AK Purwar. This appointment follows a period where the RBI had banned IIFL Finance from disbursing gold loans due to regulatory non-compliance, a ban that was later lifted. Kanungo's expertise is expected to bolster IIFL's risk management and governance.
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