Bajaj Finance climbs on raising Rs 116 crore through NCDs
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Bajaj Finance is currently trading at Rs. 4607.65, up by 129.60 points or 2.89% from its previous closing of Rs. 4478.05 on the BSE.
The scrip opened at Rs. 4588.00 and has touched a high and low of Rs. 4697.95 and Rs. 4560.05 respectively. So far 119716 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5921.75 on 24-Feb-2021 and a 52 week low of Rs. 1783.10 on 27-May-2020.
Last one week high and low of the scrip stood at Rs. 4778.00 and Rs. 4361.60 respectively. The current market cap of the company is Rs. 278335.09 crore.
The promoters holding in the company stood at 56.12%, while Institutions and Non-Institutions held 33.14% and 10.57% respectively.
Bajaj Finance has raised Rs 116 crore through Secured redeemable non-convertibles debentures (NCDs) and allotted 1160 NCDs having face value of Rs 10 lakh each on private placement basis. Maturity of said NCDs will be April 18, 2031.
Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country.
