Bajaj Finance Limited has informed the Exchange regarding Outcome of Board Meeting held on April 29, 2026.
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Bajaj Finance Limited's Board of Directors met on April 29, 2026 and approved raising funds through debt instruments including non-convertible debentures in both Indian and foreign currency. The Board proposed increasing the company's overall borrowing limit from Rs. 3,75,000 crore to Rs. 5,50,000 crore, a jump of Rs. 1,75,000 crore. This increase requires approval from shareholders at the upcoming Annual General Meeting. If approved, funds will be raised based on terms mentioned in offer documents, including interest rate, tenor, and security details to be determined later.
The significant increase in borrowing capacity signals Bajaj Finance is planning substantial growth or expansion, which could be positive for long-term shareholders. The debt raise will increase the company's liabilities but also its lending capacity, potentially boosting future earnings. Short-term stock impact may be neutral as the move is subject to shareholder approval.