Bajaj Finance Ltd closes QIP

In respect of the QIP, the Special Committee (the "Committee") of Bajaj Finance Ltd at its meeting held on June 08, 2015, has, approved and declared the closure of the QIP on June 08, 2015.

The committee approved the issue price of Rs. 4275 per Equity Share (which is at a discount of Rs. 132.34 per Equity Share to the Floor Price of Rs. 4407.34 per Equity Share) for the Equity Shares to be allotted to eligible qualified institutional buyers in the QIP.

The committee approved the issuance of up to 32,74,853 Equity Shares at the aforesaid issue price for the QIP, which aggregates to approx. Rs. 14,000 million and approved and adopted the Placement Document dated June 08, 2015, in connection with the QIP.

Shares of Bajaj Finance Limited was last trading in BSE at Rs.4539.95 as compared to the previous close of Rs. 4463.75. The total number of shares traded during the day was 5151 in over 1154 trades.

The stock hit an intraday high of Rs. 4619 and intraday low of 4405.5. The net turnover during the day was Rs. 23338621.

Source : Equity Bulls

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