The Bajaj Finance board has approved a sub division of its share of face value Rs 10 into fiveshares with face value of Rs 2 each.

In its meeting held in Pune this morning, the board has also approved a bonus of one share for every share of FV Rs 2 held. Both these are subject to shareholders approval at its AGM currently under way.

On the BSE, the company's share zoomed and at 12.30 this afternoon was seen trading at a fresh 52-week high of Rs 9419.95, a gain of 4.92 per cent.

The Bajaj Finserv stock was trading higher by 1.74 per cent or Rs 45.35 at Rs 2,645.30 on the BSE. Bajaj Finserv holds 57.28 per cent stake in Bajaj Finance.