10 Aug 2024

Bajaj Finance Raises Rs 1,011.53 Crore through NCDs; Stock Moves Up

Bajaj Finance is currently trading at Rs. 6597.75, reflecting a rise of 17.30 points or 0.26% from its previous close of Rs. 6580.45 on the BSE.

The stock opened at Rs. 6700.00, with the highest and lowest values recorded at Rs. 6700.00 and Rs. 6591.00, respectively. A total of 18,940 shares have been traded so far.

With a face value of Rs. 2, this BSE group 'A' stock reached a 52-week high of Rs. 8190.00 on October 6, 2023, and a 52-week low of Rs. 6190.00 on March 6, 2024. In the past week, the stock's highest and lowest prices were Rs. 6700.00 and Rs. 6514.00, respectively. The company's current market capitalization stands at Rs. 409,179.91 crore.

Promoter holdings in the company are at 54.70%, with institutional investors holding 35.40% and non-institutional investors holding 9.91%.

Bajaj Finance has successfully raised Rs 1,011.53 crore by issuing 1,00,500 non-convertible debentures (NCDs) with a face value of Rs 1 lakh each through a private placement. The Debenture Allotment Committee of the company approved this allocation during its meeting on August 9, 2024.

Bajaj Finance is a leading player in India's consumer finance sector and is known for pioneering interest-free EMI finance options across various categories, including consumer durables, lifestyle products, and groceries.