Bajaj Finance Ltd.

Bajaj Finance has raised Rs 504.49 crore through the allotment of 50,000 Secured Redeemable Non-Convertible Debentures (NCDs), at the face value of Rs 1 lakh each. Objects of this issue including green shoe option, if any, is to augment the long-term resources of the company. The funds raised through this issue will be utilized for general business purpose of the company including various financing activities, to repay its existing loans, investments for liquidity and statutory requirements, capital expenditure and working capital requirements. The Debenture Allotment Committee of the Company has at its meeting held on March 18, 2024, 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.