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FINWIRES

Bajaj Housing Finance Raises INR10 Billion Through Debenture Allotment; Shares Up 3%

-- Bajaj Housing Finance (NSE:BAJAJHFL, BOM:544252) has raised 10 billion Indian rupees through the allotment of non-convertible debentures on a private placement basis, according to a Friday filing to the Indian stock exchanges.

The company allotted 100,000 non-convertible debentures at a face value of 100,000 each with a coupon rate of 7.25% per annum.

The debentures are proposed to be listed on the wholesale debt market segment of the BSE and mature on Jan. 22, 2029.

The company's shares were up nearly 3% in recent trade.

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