Bajaj Finance climbs on raising Rs 304.21 crore via NCDs
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Bajaj Finance is currently trading at Rs. 7042.00, up by 180.30 points or 2.63% from its previous closing of Rs. 6861.70 on the BSE.
The scrip opened at Rs. 6835.00 and has touched a high and low of Rs. 7046.00 and Rs. 6805.00 respectively. So far 16060 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 7999.90 on 05-Jul-2023 and a 52 week low of Rs. 5487.25 on 20-Mar-2023.
Last one week high and low of the scrip stood at Rs. 7055.65 and Rs. 6805.00 respectively. The current market cap of the company is Rs. 426051.62 crore.
The promoters holding in the company stood at 55.87%, while Institutions and Non-Institutions held 32.99% and 11.14% respectively.
Bajaj Finance has raised Rs 304.21 crore through the allotment of 3,000 Secured Redeemable Non-Convertible Debentures (NCD), at the face value of Rs 10 lakh each on Private Placement basis. The Debenture Allotment Committee of the Company at its meeting held on August 21, 2023, has allotted the same.
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.
