Bajaj Finance raises Rs 200 crore through NCDs

Bajaj Finance has raised funds aggregating to Rs 200 crore via private placement. The Debenture Allotment Committee of the company at its meeting held on November 20, 2018, has allotted 2000 Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs 10 lakh each aggregating to Rs 200 crore.

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.