💡 Bajaj Finance raised ₹2,004 crore via NCDs for business expansion, strengthening its lending capacity.
What Happened
Bajaj Finance Limited has successfully raised ₹2,004.31 crore through the allotment of secured redeemable non-convertible debentures (NCDs) on a private placement basis. The company's Debenture Allotment Committee approved the issuance of 2,00,400 NCDs with a face value of ₹1 lakh each. These debentures carry an annual coupon rate of 7.77% and have a tenure of 1,096 days, maturing on April 17, 2029.
Key Details
- Company: Bajaj Finance Limited
- Event Type: Fundraise
- Filing Date: 17-Apr-2026 13:46:01
- NSE Filing: View Document
Why It Matters
This substantial fundraise of ₹2,004 crore strengthens Bajaj Finance's balance sheet and provides additional capital for business expansion. As one of India's leading non-banking financial companies, this infusion of funds will enhance the company's lending capacity and support its growth initiatives across consumer finance, SME lending, and other business segments. The funds raised through NCDs typically come at a lower cost compared to other debt instruments, potentially improving the company's net interest margins over time. The successful completion of this private placement demonstrates investor confidence in Bajaj Finance's credit profile and growth prospects.
Disclaimer: This is publicly available information sourced from NSE. Not investment advice.
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