Bajaj Finance informs about updates on ensuing board meeting

With reference to the earlier letter dated September 27, 2016 intimating date of the Meeting of the Board of Directors i.e. October 27, 2016, scheduled to consider the unaudited financial results for the quarter and half year ended September 30, 2016. Bajaj Finance has now informed that at the said meeting, the Board may also consider a proposal to seek approval of the shareholders by postal ballot for raising of funds by issue of non-convertible debentures or such other securities as a part of the proposed increase in overall borrowing limits of the Board, pursuant to Section 180(1) (c) of the Companies Act, 2013, from Rs 50,000 crore to such amount as may be decided by the Board.

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