Bajaj Finance raises Rs 1,384.17 crore via NCDs

Ace News

28th Oct 2024

Bajaj Finance has raised Rs 1,384.17 crore through the allotment of 6,020 Non-Convertible Debentures (NCDs) at face value of Rs 10 lakh each and 75,000 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 28, 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.