18 Oct 2024

Bajaj Housing Finance Raises Rs 1500.45 Crore via NCDs, Stock Sees Modest Gain

Bajaj Housing Finance's stock is currently trading at Rs. 138.75, showing a rise of 0.36%, or 0.50 points, compared to its previous close of Rs. 138.25 on the BSE.

The stock opened at Rs. 138.00 and fluctuated between a high of Rs. 140.95 and a low of Rs. 135.80. A total of 1,637,493 shares have changed hands so far.

This BSE 'B' group stock, with a face value of Rs. 10, recorded a 52-week high of Rs. 188.45 on September 18, 2024, and a 52-week low of Rs. 129.85 on October 8, 2024.

In the last week, the stock peaked at Rs. 151.00 and hit a low of Rs. 135.80. The company's market capitalization currently stands at Rs. 115,761.24 crore, with 100% promoter holding.

Bajaj Housing Finance has successfully raised Rs. 1500.45 crore through the issuance of 1,50,000 Non-Convertible Debentures (NCDs) at a face value of Rs. 1,00,000 each, with an issue price of Rs. 1,00,030 (including a premium of Rs. 30 per NCD) on a private placement basis. These NCDs will be listed on the Wholesale Debt Market Segment of the BSE. The allotment was approved by the company's Debenture Allotment Committee on October 17, 2024.

Bajaj Housing Finance is a non-deposit-taking housing finance company, regulated by the National Housing Bank, offering customized financing solutions for residential and commercial properties.