Bajaj Finance allots 8750 NCDs on Private Placement basis; Stock trades flat

The funds raised through this issue will be utilized for the general business purpose of the Company including various financing activities.

Sep 14, 2021 02:09 IST India Infoline News Service

The Debenture Allotment Committee of the Bajaj Finance Limited has, at its meeting held on 13 September 2021, allotted 8750 Secured redeemable non-convertibles debentures,

“The funds raised through this issue will be utilized for the general business purpose of the Company including various financing activities, to repay our existing loans, investments for liquidity and statutory requirements, capital expenditure and working capital requirements,” the company said in a filing on Monday.

At around 2.15 pm, Bajaj Finance Ltd was trading at Rs7,435.35 per piece down by Rs9.7 or 0.13% from its previous closing of Rs7,445.05 per piece on the BSE.

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