Bajaj Finance Ltd.
BSE: 500034 | NSE: BAJFINANCE
Large Cap | Finance - NBFC
1090.00
2.30 (0.21%) Bajaj Finance raises Rs 370 crore through NCDs
Date: 15-11-2018Bajaj Finance has raised funds aggregating to Rs 370 crore. The Debenture Allotment Committee of the company at its meeting held on November 15, 2018, has allotted 3700 Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs 10 lakh each aggregating to Rs 370 crore.
The NCDs carry a coupon rate of 9.2240% per annum and will redeem on May 5, 2022.
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.