Bajaj Finance’s share price saw a gain of over 1% on Monday following the company’s announcement of allocating Secured Redeemable Non-Convertible Debentures (NCDs) through a private placement. The stock rose by 1.15% to reach ₹8,641.25 per share on the BSE.
Bajaj Finance’s Private Placement of Rs. 776.52 Crore NCDs Boosts Market Sentiment
The company has issued 7,814 NCDs, each with a face value of ₹10 lakh, amounting to a total of ₹776.52 crore. These debentures are set to be listed on the Wholesale Debt Market Segment of the BSE.
In a regulatory filing, Bajaj Finance stated, “The Debenture Allotment Committee of the Company, in its meeting held on March 3, 2025, has allotted 7,814 NCDs with a face value of ₹10 lakh each, aggregating to ₹776.52 crore, on a private placement basis.
The instrument has a remaining tenure of 1,806 days, with an allotment date of March 3, 2025, and a maturity date set for February 11, 2030, according to company disclosures.
The NCDs carry an interest rate of 7.60% per annum, with coupon payments scheduled annually and upon maturity. As per the stock exchange filing, these NCDs will be redeemed upon maturity.
Bajaj Finance Stock Performance
Despite broader weakness in the Indian stock market, Bajaj Finance shares have delivered strong returns, outperforming the benchmark indices, Sensex and Nifty 50.
Bajaj Finance’s stock price has surged over 24% year-to-date (YTD), contrasting with the BSE Sensex’s 6.8% decline. In the past six months, the stock has gained more than 17%, while the Sensex has fallen by 11.4% during the same period.
Over the past year, while the Sensex has remained flat, Bajaj Finance stock has delivered an impressive return of nearly 31%.
As of 3:00 PM, Bajaj Finance shares were trading 0.89% higher at ₹8,617.90 per share on the BSE.
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