Bajaj Finance raises Rs 1,510 cr via NCDs

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Bajaj Finance raises Rs 1,510 cr via NCDs

New Delhi, Mar 31 (PTI) Bajaj Finance has raised Rs 1,510.90 crore by issuing non-convertible debentures (NCDs) on private placement basis.

The company has allotted 15,109 secured redeemable NCDs of Rs 10 lakh each to raise the amount, it said in a regulatory filing.

The bonds offer coupon rate of 7.85 per cent per annum.

Stock of Bajaj Finance closed 0.53 per cent up at Rs 1,174.10 on BSE.

This is published unedited from the PTI feed.