💡 Company raised Rs. 1,008 crore via NCDs for business expansion.
What Happened
Bajaj Housing Finance Limited has announced the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The company's Debenture Allotment Committee approved the issuance of 1,00,000 NCDs at a face value of Rs. 1,00,000 each, aggregating to Rs. 1008.3292 crore. The debentures carry a coupon rate of 7.25% per annum and have a tenure of 1011 days, maturing on 22 January 2029.
Key Details
- Company: Bajaj Housing Finance Limited
- Event Type: Fundraise
- Filing Date: 17-Apr-2026 13:17:37
- NSE Filing: View Document
Why It Matters
This significant fundraise of over Rs. 1,000 crore provides Bajaj Housing Finance with substantial capital to support its lending operations and business expansion. The funds raised through secured NCDs typically indicate investor confidence in the company's credit profile and are used to finance housing loans and other business activities. For housing finance companies, access to long-term capital at reasonable rates is crucial for maintaining growth momentum and managing asset-liability maturity profiles effectively.
Disclaimer: This is publicly available information sourced from NSE. Not investment advice.
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