Bajaj Finance Ltd Updates on Qualified Institutions Placement of Equity Shares

Subsequent to the approval accorded by the Board of Directors of Bajaj Finance Ltd, at its meeting held on April 21, 2015 and the approval of the shareholders of the Company by way of a special resolution dated May 20, 2015 for the QIP, the Special Committee of the Company, on June 04, 2015 has approved Preliminary Placement Document for QIP up to an aggregate amount of Rs, 14,000 million.

The Board authorized the opening of the QIP on June 04, 2015 and took on record the 'Relevant date' for QIP as June 04, 2015 and Floor price of Rs. 4,407.34 (Rupees Four Thousand Four Hundred and Seven and Thirty Four Paise per equity share of face value of Rs 10/-each).

Shares of Bajaj Finance Limited was last trading in BSE at Rs.4445.55 as compared to the previous close of Rs. 4341.85. The total number of shares traded during the day was 3684 in over 853 trades.

The stock hit an intraday high of Rs. 4497.6 and intraday low of 4328.75. The net turnover during the day was Rs. 16328053.

Source : Equity Bulls

Keywords