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Bajaj Finance board approves right issue of equity shares

15 Jan 2013 Evaluate

Bajaj Finance has informed that the board of directors of the company at its meeting held on January 15, 2013, has approved the raising of funds through issue of 67,60,117 equity shares of Rs.10 each to eligible shareholders on a rights basis in the ratio of 3 rights equity shares for every 19 equity shares of the face value of Rs.10 each at a price of Rs.1100 per share (inclusive of premium of Rs. 1090 per share), aggregating to Rs. 743.61 crore. It also has approved, subject to applicable regulatory approvals, the commencement of business of distribution of mutual fund products.

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

Bajaj Finance Share Price

939.45 20.90 (2.28%)
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