LIC invests Rs 5,120 crores in Bajaj Finance debentures
LICI · price
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LIC has subscribed to 512,000 debentures of Bajaj Finance Limited at face value Rs 1,00,000 each, totaling Rs 5,120 crores. Bajaj Finance is an NBFC subsidiary of Bajaj Finserv, registered with the RBI. The funds will be used by Bajaj Finance for general business purposes. The transaction is not a related party deal and was done via bank or RTGS payment on January 27, 2026.
Shows continued institutional confidence by LIC in Bajaj Finance and supports the NBFC's growth capital.