Bajaj Finance Ltd.

Bajaj Finance (BFL) has entered into a Securities Subscription Agreement /Shareholders’ Agreement on February 2 , 2024 to acquire 7% stake (fully diluted basis) in RMBS Development Company. The acquisition is an opportunity for the Company and its wholly owned subsidiary i.e., to penetrate and support in developing Residential Mortgaged-Backed Securities (RMBS) market. The acquisition will be completed on or before end of March 2024.

Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market.