Bajaj Finance Limited — QIP/Rights/Pref., 30-05-2025: Issue of Securities
30-05-2025 | 12:35 pm
30-05-2025 | 12:35 pm
Bajaj Finance has allotted 50,000 secured redeemable non-convertible debentures (NCDs) worth Rs. 505.13 crore, each with a face value of Rs. 1 lakh and a 7.2337% annual coupon. Interest starts one year after allotment, with maturity set for June 2027. These NCDs will be listed on BSE’s Wholesale Debt Market. The funds raised are secured against book debts and loan receivables, providing a stable backing for investors.
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