The Board of Directors of the Company has approved an IPO of equity shares of Rs 10 each, which comprises of fresh issue of Equity Shares aggregating up to Rs 4,000 crore
FinTech BizNews Service
Mumbai, June 6, 2024: The Board of Directors of the Company at its meeting held today, i.e. 6 June 2024 has approved an initial public offering of equity shares of Rs 10 each of the Company* (“Equity Shares”), which comprises of: (i) *fresh issue of Equity Shares aggregating up to Rs 4,000 crore* (subject to any revisions to such amount as may be permissible under applicable law); and (ii) *an offer for sale (‘OFS’) of Equity Shares subject to market conditions, receipt of applicable approvals, regulatory clearances and other considerations.
Bajaj Housing Finance Ltd, a 100% subsidiary of *Bajaj Finance Ltd*, has in an Exchange filing informed about this decision in terms of the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
Bajaj Housing Finance Limited, one of the most diversified NBFCs in the Indian market, has been catering to more than 83.64 million customers across the country. Headquartered in Pune, Bajaj Housing Finance Limited offers finance to individuals as well as corporate entities for the purchase and renovation of homes, or commercial spaces. It also provides loans against property for business or personal needs as well as working capital for business expansion purposes. The Company also offers finance to developers engaged in the construction of residential and commercial properties as well as lease rental discounting to developers and high-net-worth individuals. Bajaj Housing Finance Limited enjoys the highest credit ratings from CRISIL as well as India Ratings. The Company is rated AAA/Stable for its long-term debt programme and A1+ for its short-term debt programme from CRISIL and India Ratings.
