Bajaj Finance Ltd allots 3274853 shares

The Allotment Committee of the Board of Directors of Bajaj Finance Ltd at its meeting held on June 11, 2015, approved the allotment of 32,74,853 Equity Shares of face value Rs. 10 each to eligible Qualified Institutional Buyers ("QIBs") at the issue price of Rs. 4,275 per Equity Share (i.e. at premium of Rs. 4,265 per Equity Share), aggregating to approximately Rs. 14,000 million (Rupees Fourteen Thousand Million Only).

Shares of Bajaj Finance Limited was last trading in BSE at Rs.4660.3 as compared to the previous close of Rs. 4547.8. The total number of shares traded during the day was 8441 in over 1683 trades.

The stock hit an intraday high of Rs. 4770 and intraday low of 4530. The net turnover during the day was Rs. 39511354.

Source : Equity Bulls

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