Bajaj Electricals has allotted 104155 equity shares on exercise of Options under ESOP. Post this allotment, the Issued, Subscribed and Paid-up Capital of the Company comprise of 10,21,41,656 equity shares of Rs 2 each fully paid up amounting to Rs.20,42,83,312/-.

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Bajaj Electricals has entered into a Share Purchase and Shareholders Agreement dated 15 June 2018 ('Agreement') with Nirlep Appliances ('Nirlep') and its shareholders for the acquisition of entire shareholding of Nirlep. Subsequent to the proposed acquisition, Nirlep will become a wholly owned subsidiary of the Company.

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Bajaj Electricals announced that ICRA has reaffirmed the long term rating of ICRA A+ and short term rating of ICRA A1+ assigned earlier to the Rs 4087.96 crore Line of Credit of the company and also assigned a long term rating of ICRA A+ and short term rating of ICRA A1+ to the additional limit of Rs 279.54 crore. The outlook on the long term rating is stable.

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Bajaj Electricals announced that ICRA has reaffirmed ICRA A1+ rating to the company's CP issue of Rs 500 crore.

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