Company Profile

Bajaj Finance has raised Rs 500 crore through allotment of 50,000 Secured Redeemable Non-Convertible Debentures (NCD), at the face value of Rs 1 lakh each. The Debenture Allotment Committee of the Company at its meeting held on September 20, 2023, allotted the same. 

Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country.

Bajaj Finance is currently trading at Rs. 7570.45, up by 24.30 points or 0.32% from its previous closing of Rs. 7546.15 on the BSE.

The scrip opened at Rs. 7499.95 and has touched a high and low of Rs. 7646.15 and Rs. 7490.00 respectively. So far 12931 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 7999.90 on 05-Jul-2023 and a 52 week low of Rs. 5487.25 on 20-Mar-2023.

Last one week high and low of the scrip stood at Rs. 7646.15 and Rs. 7381.70 respectively. The current market cap of the company is Rs. 459043.88 crore.

The promoters holding in the company stood at 55.87%, while Institutions and Non-Institutions held 32.99% and 11.14% respectively.

Bajaj Finance has raised Rs 500 crore through allotment of 50,000 Secured Redeemable Non-Convertible Debentures (NCD), at the face value of Rs 1 lakh each. The Debenture Allotment Committee of the Company at its meeting held on September 20, 2023, allotted the same. 

Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country.

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Bajaj Finance has informed that the Debenture Allotment Committee of the Company has at its meeting held today, 20 September 2023, allotted 50,000 Secured Redeemable Non-Convertible Debentures (NCD), at the face value of Rs 1 Lakh each, aggregating to Rs 500 Crore as per the details enclosed. The meeting commenced at 10:50 am and concluded at 11:10 am.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 30 read with Schedule Ill of SEBI Listing Regulations, 2015, Bajaj Finance has informed that meeting with group of institutional investors is scheduled on Saturday, 23rd September 2023 in Pune. The discussions will be pertaining to publicly available information only.

Bajaj Finance is planning to enter microfinance, SME finance as also tractor and four-wheeler financing. These expansions should happen over the next two to three years. During this period, the company is also planning to expand its footprint by a quarter of the present strength of 4,000 branches to 5,000. 

The company started off as a two-wheeler financier to fund Bajaj Auto customers, then it moved onto consumer financing which was the most successful diversification, and then to loan against property.

Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country.