Bajaj Finance Ltd.

Bajaj Finance has raised Rs 2,075 crore through allotment of 20,750 Secured Redeemable Non-Convertible Debentures (NCD) on Private Placement Basis. The funds raised through this issue will be utilized for general business purpose of the Company including various financing activities, to repay existing loans, investments for liquidity and statutory requirements, capital expenditure and working capital requirements. The Debenture Allotment Committee of the Company at its meeting held on May 16, 2023, has allotted the same. 

Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country.