Bajaj Finance zooms on planning to raise funds via NCDs

Bajaj Finance is currently trading at Rs. 7807.55, up by 138.50 points or 1.81% from its previous closing of Rs. 7669.05 on the BSE.

The scrip opened at Rs. 7715.60 and has touched a high and low of Rs. 7869.90 and Rs. 7694.45 respectively. So far 23421 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 8020.20 on 18-Oct-2021 and a 52 week low of Rs. 4361.60 on 19-Apr-2021.

Last one week high and low of the scrip stood at Rs. 7869.90 and Rs. 7525.00 respectively. The current market cap of the company is Rs. 473746.11 crore.

The promoters holding in the company stood at 56.03%, while Institutions and Non-Institutions held 33.37% and 10.59% respectively.

Bajaj Finance is planning to raise funds by debt issue/issue of non-convertible debentures (NCDs) as a part of the proposed increase in the overall borrowing limit. The meeting of the Board of Directors of the Company is scheduled on January 18, 2022 to consider and approve 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.

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