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Bajaj Housing Finance Raises INR19.9 Billion Through Debenture Allotment

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Bajaj Housing Finance (NSE:BAJAJHFL, BOM:544252) has raised 19.9 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 200,000 debentures at a face value of 100,000 each with a coupon rate of 7.83% per annum.

The debentures are proposed to be listed on the wholesale debt market segment of the BSE and mature on May 18, 2029.

The company's shares were up over 1% in after-market hours.

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