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Bajaj Finance to raise $150 million from IFC: Report

Bajaj Finance is reportedly looking to raise $150 million from International Finance Corporation (IFC). IFC would subscribe to the company’s non convertible debentures for on-lending to micro small and medium enterprise.

Bajaj Finance has total assets under management of around $9.23 billion at the end of December with 43% of its assets being under consumer financing and 42% under SME financing. Commercial business accounts for 12% of the loan and balance 3% comes from rural sector.

Bajaj Finance is a non-banking finance company offers lending and allied services to consumers, small and medium enterprises, commercial establishments and to the rural segments.

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