BOM:500034

Bajaj Finance Raises INR14.6 Billion Through Debenture Allotment

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.

Bajaj Finance Raises INR45.1 Billion Through Debenture Allotment

Bajaj Finance (NSE:BAJFINANCE, BOM:500034) raised 45.1 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 450,000 non-convertible debentures with a face value of 100,000 rupees each in two tranches.In the first tranche, the company allotted 200,000 debentures with a coupon rate of 7.93% per annum. These are scheduled to mature on June 12, 2029.In the second tranche, the company allotted 250,000 non-convertible debentures with a coupon rate of 8.00% per annum. They will mature on May 12, 2031.The debentures are proposed to be listed on the wholesale debt market segment of BSE, the filing said.

Nomura Adjusts Bajaj Finance's Price Target to INR1,140 From INR1,195, Keeps at Buy

ICICI Securities Upgrades Bajaj Finance to Hold from Add; Price Target is INR1,000

Jefferies Adjusts Bajaj Finance's Price Target to INR1,210 from INR1,270, Keeps at Buy

Bajaj Finance Posts Gains in Fiscal Q4 Consolidated Profit

Bajaj Finance (NSE:BAJFINANCE, BOM:500034) recorded a rise in its consolidated attributable profit after tax to 54.6 billion Indian rupees in the fiscal fourth quarter ended March 31, against 44.8 billion rupees a year ago.Earnings per share climbed to 8.76 rupees from the year-ago figure of 7.22 rupees, according to a Wednesday filing to the Indian stock exchanges by the financial services provider.Revenue from operations in fiscal Q4 increased to 216.1 billion rupees from 182.9 billion rupees a year earlier.The board of directors also recommended final dividend of 6 rupees per share for the financial year ended March 31.