Bajaj Finance Ltd Share Price – NSE  /  BSE

Finance, Mid Cap

The said NCDs have a tenor of 3591 days and their redemption date is 20 September 2033. The privately placed instruments bear a coupon rate of 7.79% per annum, which is payable annually.

Bajaj Finance is engaged in lending and allied activities. It focuses on consumer lending, small and medium-sized enterprises (SME) lending, commercial lending, rural lending, fixed deposits and value-added services.

The non-banking financial company (NBFC) reported 27.7% jump in consolidated net profit to Rs 3,550.80 crore on a 34.16% increase in total income to Rs 13,381.75 crore in Q2 FY24 as compared with Q2 FY23.

The scrip rose 0.74% to currently trade at Rs 7119.95 on the BSE.

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Bajaj Finance has allotted 55,000 Secured Redeemable Non-Convertible Debentures (NCD), at the face value of Rs. 1 Lakh each, aggregating to Rs. 503.17 crore on private placement basis.

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“The action is necessitated due to non-adherence of the company to the extent provisions of Digital lending guidelines of Reserve Bank of India, particularly non-issuance of Key Fact Statements to the borrowers under these two lending products and the deficiencies in the Key Fact Statements issued in respect of other digital loans sanctioned by the company,” RBI stated in a press release.

“These supervisory restrictions will remain in place till the deficiencies observed are made good to the satisfaction of RBI in terms of issuance of Key Fact Statements to the borrowers,” The company stated in regulatory filing.

Bajaj Finance is engaged in lending and allied activities. It focuses on consumer lending, small and medium-sized enterprises (SME) lending, commercial lending, rural lending, fixed deposits and value-added services.

The non-banking financial company (NBFC) reported 27.7% jump in consolidated net profit to Rs 3,550.80 crore on a 34.16% increase in total income to Rs 13,381.75 crore in Q2 FY24 as compared with Q2 FY23.

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Bajaj Finance has successfully raised an amount of approximately Rs 8,800 crore by issuing over 1.21 crore equity shares at an issue price of Rs 7,270 per equity share to qualified institutional buyers through a qualified institutions placement issue.

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