Bajaj Finance Ltd to raise Rs. 3000 crores through OFS of Bajaj Housing Finance Ltd

The board of directors of BAJAJ FINANCE LIMITED at its meeting held today i.e., 7 June 2024, has considered and approved the offer for sale of up to such number of equity shares of face value of Rs. 10/- each of a wholly owned subsidiary, Bajaj Housing Finance Limited ("BHFL"), aggregating to Rs. 30,000.0 million (subject to any revisions to such amount as may be permissible under applicable law), pursuant to the initial public offer of equity shares of face value of Rs. 10 each proposed to be undertaken by BHFL, and subject to market conditions, receipt of applicable approvals including that of the Securities and Exchange Board of India (the "SEBI"), the BSE Limited, the National Stock Exchange of India Limited and any other regulatory authority, as may be applicable and as required and commercial and other considerations.

Shares of Bajaj Finance Limited was last trading in BSE at Rs. 6923.25 as compared to the previous close of Rs. 6840.10. The total number of shares traded during the day was 78324 in over 12104 trades.

The stock hit an intraday high of Rs. 7015.00 and intraday low of 6821.45. The net turnover during the day was Rs. 543835767.00.

Source : Equity Bulls

Keywords

BajajFinance INE296A01024 FundRaising OFS BajajHousingFinance