Bajaj Finance allots secured NCDs worth Rs 2,050 cr on private placement
BAJFINANCE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.7 pts less than Nifty 100 and 1.4 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Bajaj Finance has allotted 2,05,000 secured redeemable NCDs at Rs 1 lakh each, aggregating Rs 2,050.03 crore on private placement basis. Coupon is 8.07 percent per annum with annual payments, tenure 1,294 days maturing 25 March 2030. NCDs are secured by first pari-passu charge on book debts and will be listed on BSE wholesale debt segment.
Raises Rs 2,050 cr debt funding at 8.07 percent for business growth. No equity dilution; secured by receivables.