Bajaj Finance raises Rs 400 crore via bonds
The decision was taken by the Debenture Allotment Committee of the company today, Bajaj Finance said in a regulatory filing.
By PTI | Updated:
NEW DELHI: Bajaj Finance has raised Rs 400 crore through issuance of bonds on a private placement basis.
The decision was taken by the Debenture Allotment Committee of the company today, Bajaj Finance said in a regulatory filing.
"This is to inform that the Debenture Allotment Committee... allotted 4,000 secured redeemable non-convertible debentures of face value of Rs 10 lakh each aggregating to Rs 400 crore," it said.
The NCDs, carrying coupon rate of 8.48 per cent per annum, have a total tenure of 731 days.
Bajaj Finance stock today closed 0.13 per cent down at Rs 6,974.80 apiece on BSE.
The decision was taken by the Debenture Allotment Committee of the company today, Bajaj Finance said in a regulatory filing.
"This is to inform that the Debenture Allotment Committee... allotted 4,000 secured redeemable non-convertible debentures of face value of Rs 10 lakh each aggregating to Rs 400 crore," it said.
The NCDs, carrying coupon rate of 8.48 per cent per annum, have a total tenure of 731 days.
Bajaj Finance stock today closed 0.13 per cent down at Rs 6,974.80 apiece on BSE.
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