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Bajaj Finance rises on allotting NCDs worth Rs 75 crore

Bajaj Finance is currently trading at Rs. 3039.00, up by 36.45 points or 1.21% from its previous closing of Rs. 3002.55 on the BSE.

The scrip opened at Rs. 3006.50 and has touched a high and low of Rs. 3060.00 and Rs. 3006.50 respectively. So far 100104 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3162.35 on 03-May-2019 and a 52 week low of Rs. 1873.55 on 16-May-2018.

Last one week high and low of the scrip stood at Rs. 3060.00 and Rs. 2849.20 respectively. The current market cap of the company is Rs. 175858.44 crore.

The promoters holding in the company stood at 55.17%, while Institutions and Non-Institutions held 29.17% and 15.66% respectively.

Bajaj Finance has allotted 750 Secured redeemable non-convertibles debentures (NCDs) of face value of Rs 10 lakh each aggregating to Rs 75 crore. The Debenture Allotment Committee of the company at its meeting held on May 15, 2019, allotted the same.

Bajaj Finance, the lending and investment arm of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 19 million customers across the country.

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