Bajaj Finance Limited — QIP/Rights/Pref., 26-03-2025: Allotment of Securities

Bajaj Finance Limited has announced a board meeting regarding the allotment of 15,50,000 equity shares following the conversion of warrants. These warrants were originally issued to Bajaj Finserv Limited on a preferential basis at an issue price of ₹7,670 per warrant. A total of ₹891.64 crore was received as the remaining 75% consideration for this conversion. Post-allotment, Bajaj Finserv Limited's shareholding will slightly increase from 51.27% to 51.39%. This strategic move enhances the equity base and reaffirms Bajaj Finserv’s commitment as a key stakeholder, potentially bolstering investor confidence and providing a positive outlook for share performance.