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Bajaj Housing Finance Ltd Board approves IPO (Source BSE). Bajaj Housing Finance Ltd. Is a 100% subsidiary of Bajaj Finance Ltd.

Posted By: sumant June 7, 2024

Bajaj Housing Finance Ltd Board approves IPO (Source BSE). Bajaj Housing Finance Ltd. Is a 100% subsidiary of Bajaj Finance Ltd.

Mumbai, 07th June 2024 (GNI): In terms of the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, this is to inform you that 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 ₹ 10 each of the Company (“Equity Shares”), which comprises of: (i) fresh issue of Equity Shares aggregating up to ₹ 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. BSE link… https://m.bseindia.com/MAnnDet.aspx?newsid=4ffa71cf-f7fc-4f55-9744-794cc19245a5&Form=STR&scrpcd=726201 About Bajaj Housing Finance Limited
Bajaj Housing Finance Limited is a 100% subsidiary of Bajaj Finance Limited — one of the most diversified NBFCs in the Indian market, 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.ends GNI

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