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Bajaj Finance raises Rs 1,510 crore via NCDs

Bajaj Finance raises Rs 1,510 crore via NCDs

Friday, March 31, 2017, 5:44 PM

Bajaj Finance has raised Rs 1,510.90 crore by issuing non-convertible debentures (NCDs) on private placement basis. The company has allotted 15,109 secured redeemable NCDs of Rs 10 lakh each to raise the amount, it said in a regulatory filing. The bonds offer a coupon rate of 7.85% per annum. The stock of Bajaj Finance closed 0.53 per cent up at Rs 1,174.10 on BSE.
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