Bajaj Finance raises Rs 1,400 crore via NCDs

Bajaj Finance has raised funds worth Rs 1,400 crore through allotment of 14,000 Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs 10 lakh on Private Placement basis. The Debenture Allotment Committee of the Company at its meeting held on September 05, 2019 has allotted 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.