Bajaj Housing Finance Limited — Others, 29-01-2025: Monitoring Agency Report

Bajaj Housing Finance Limited has issued a Monitoring Agency Report for the quarter ended December 31, 2024, confirming that the ₹3,560 crore raised through its Initial Public Offer has been fully utilized in accordance with the object stated in its Offer Document. The net proceeds of approximately ₹3,510 crore were directed towards augmenting the capital base for onward lending, while ₹60.45 crore were earmarked for share issue expenses. Investor confidence may strengthen as there are no reported deviations in fund utilization, reflecting strong governance and financial health going forward. This indicates a positive outlook for ongoing operational viability.