Bajaj Finance, on Thursday, announced that the board has approved the allotment of NCDs worth ₹9,371 crore on private placement basis.
Bajaj Finance share price fell over 1 per cent in Thursday's session to ₹9,104.50 apiece, against previous close at ₹9,197.50 on Wednesday. The stock has given multibagger returns to its long-term investors by soaring over 380.24 per cent in last five years.
The company said in an exchange filing that it has alloted 9,26,500 NCDs worth ₹9,371.27 crore on a private placement basis, with interest offered at 7.38% p.a.
“ This is to inform you that the Debenture Allotment Committee of the Company has at its meeting held today i.e., 22 May 2025, allotted 9,26,500 NCDs, at face value of Rs.1 Lakh each aggregating to Rs. 9,371.27 crore on private placement basis,” Bajaj Finance said in an exchange filing.
The Debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
The company further informed that the date of maturity has been set as 28 June 2030.
“The Debentures repayment, interest thereon, Trustees’ remuneration and all other monies relating thereto will be secured by a first pari-passu charge on book debts/loan receivables, provided that such security cover shall not be less than 1.00 time the aggregate outstanding value of debentures to be issued under this document,” it added.
Bajaj Finance reported a 19 per cent year-on-year increase in net profit, reaching ₹4,546 crore for the fourth quarter. The Board also announced several investor rewards, including a special dividend of ₹12 and a final dividend of ₹44 per share.
The Board has also approved a stock split at a 1:2 ratio and a separate bonus issue in the proportion of 4:1.
The net interest income for the fourth quarter rose by 22 per cent, reaching ₹9,807 crore, up from ₹8,013 crore recorded in the same period last year.
The company’s total consolidated assets under management (AUM) reached ₹4.16 lakh crore as of March 2025, marking a 26 per cent increase from ₹3.3 lakh crore in the same period last year.
During the quarter, the number of new loans booked surged by 36 per cent to 10.7 million, up from 7.87 million in Q4 FY24.
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