Friday , November 15 2019
Home / BUSINESS / Bajaj Finance raises Rs 788.40 crore via NCDs

Bajaj Finance raises Rs 788.40 crore via NCDs

Bajaj Finance has raised Rs 788.40 crore through Non-Convertibles Debentures (NCDs). The Debenture Allotment Committee of the company at its meeting held on November 30, 2018 allotted 7884 Secured redeemable NCDs of face value of Rs 10 lakh each. The tenure of the instrument is 1222 days and the date of redemption is April 05, 2022.

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.