Bajaj Finance soars on raising Rs 500 crore via NCDs
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Bajaj Finance is currently trading at Rs. 7338.50, up by 147.70 points or 2.05% from its previous closing of Rs. 7190.80 on the BSE.
The scrip opened at Rs. 7220.00 and has touched a high and low of Rs. 7425.00 and Rs. 7210.00 respectively. So far 27085 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 8171.00 on 11-Oct-2023 and a 52 week low of Rs. 6190.00 on 06-Mar-2024.
Last one week high and low of the scrip stood at Rs. 7694.55 and Rs. 7156.55 respectively. The current market cap of the company is Rs. 457199.65 crore.
The promoters holding in the company stood at 54.70%, while Institutions and Non-Institutions held 35.40% and 9.91% respectively.
Bajaj Finance has raised Rs 500 crore through the allotment of 50,000 non-convertible debentures (NCDs), at face value of Rs 1 lakh each, on private placement basis. The Debenture Allotment Committee of the Company has at its meeting held on October 9, 2024, allotted the same.
Bajaj Finance is one of the largest players in the burgeoning consumer finance segment in India and a pioneer in introducing interest-free EMI finance options in many categories, ranging from consumer durables to lifestyle products to groceries.
