NSE:BAJAJFINSV

Bajaj Finserv Approves INR1.96 Billion ESOP Share Issue

Bajaj Finserv (NSE:BAJAJFINSV, BOM:532978) approved the issuance of 1.51 million equity shares. aggregating 1.96 billion rupees, to the Bajaj Finserv ESOP Trust under its employee stock option scheme.The shares, with a face value of 1 rupee each, will be issued at their respective grant prices to meet employee stock option exercises through a primary issue, according to a Friday filing on Indian bourses.The new shares will rank pari passu with the company's existing equity shares.

Bajaj Finserv Reports Gains in Fiscal Q1 Consolidated Profit

Bajaj Finserv (NSE:BAJAJFINSV, BOM:532978) recorded a rise in its consolidated attributable profit to 31.3 billion Indian rupees in the fiscal first quarter ended June 30, against 27.9 billion rupees a year ago.Earnings per share climbed to 19.49 rupees from 17.3 rupees a year earlier, according to a Friday filing to the Indian stock exchanges by the financial services provider.Total revenue from operations in fiscal Q1 increased to 420.4 billion rupees from 352.9 billion rupees a year earlier.

Jefferies Adjusts Bajaj Finserv's Price Target to INR2,400 From INR2,710, Keeps at Buy