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Bajaj Finance raises Rs 70 crore via NCDs

28 Jul 2018 Evaluate

Bajaj Finance has raised funds aggregating to Rs 70 crore through allotment of 700 Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs 10 lakh each on Private Placement basis. The date of allotment is July 27, 2018. The Debenture Allotment Committee of the company at their meeting held on June 27, 2018, approved the same.

Bajaj Finance, the lending and investment arm of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 19 million customers across the country.

Peers
Company Name CMP
Bajaj Finance 1019.00
Shriram Finance 1001.00
Aditya Birla Capital 387.55
Tata Capital 358.55
Chola Invest & Fin. 1823.70
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