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Bajaj Finance moves up on raising Rs 1025 crore through bonds issue

14 Jun 2017 Evaluate

Bajaj Finance is currently trading at Rs. 1371.00, up by 1.25 points or 0.09% from its previous closing of Rs. 1369.75 on the BSE.

The scrip opened at Rs. 1370.30 and has touched a high and low of Rs. 1371.50 and Rs. 1355.00 respectively. So far 7651 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1388.00 on 12-Jun-2017 and a 52 week low of Rs. 741.76 on 24-Jun-2016.

Last one week high and low of the scrip stood at Rs. 1388.00 and Rs. 1345.30 respectively. The current market cap of the company is Rs. 74895.03 crore.

The promoters holding in the company stood at 57.94%, while institutions and non-institutions held 24.62% and 17.44% respectively.

Bajaj Finance has raised Rs 1025 crore through issuance of bonds on a private placement basis. The Debenture Allotment Committee of the company at its meeting held on June 13, 2017 allotted 10250 secured redeemable non-convertible debentures.

Bajaj Finance is one of the leading financial companies in India. It offers personal loans that are convenient, flexible, quickly processed, have superior features like zero prepayment charges & requires no security with minimum paper work. The company has reported 36.04% rise in its net profit at Rs 555.65 crore for the quarter ended December 31, 2016, as compared to Rs 408.46 crore for the same quarter in the previous year.

Bajaj Finance Share Price

930.55 12.00 (1.31%)
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