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Bajaj Finance Raises INR14.6 Billion Through Debenture Allotment

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Bajaj Finance (NSE:BAJFINANCE, BOM:500034) has raised around 14.6 billion Indian rupees through the allotment of non-convertible debentures on a private placement basis.

The company allotted 139,000 non-convertible debentures at a face value of 100,000 rupees each with a coupon rate of 7.07% per annum, according to a Thursday filing to the Indian stock exchanges.

The debentures are proposed to be listed on the wholesale debt market segment of the BSE, and are scheduled to mature on Sept. 21, 2028.

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