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Bajaj Finserv gets nod to invest Rs 342 crore in Bajaj Finserv Direct

22 Jul 2021 Evaluate

Bajaj Finserv’s board has approved to invest Rs 342 crore in Bajaj Finserv Direct, wholly owned subsidiary of the Company. Investment is intended to support existing line of businesses. The investment would be undertaken at an arms-length price based on an independent valuation report. The investment has also been approved by audit committee of BFS. The Board of Directors at its meeting held on July 21, 2021 has approved the same. 

Bajaj Finserv has established itself as a financial power house with interests in insurance, lending, asset management and wealth management.

Peers
Company Name CMP
Bajaj Finserv 1731.20
TVS Holdings 11600.00
Cholamandalam Fin. 1377.50
Altius Telecom Infra 172.50
Kama Holdings 2235.00
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