Bajaj Finance wins on fundraising plans



Bajaj Finance rose 2.32% to Rs 7,847 after the company said its board would also consider raising funds through debt issuance/issuance of non-convertible debentures.

On the same day, the board will also review the unaudited financial results for the three and nine months ended December 31, 2021.



Bajaj Finance is engaged in lending and related activities. It focuses on consumer loans, small and medium enterprise (SME) loans, commercial loans, rural loans, fixed deposits and value-added services.

The company recorded a 53% increase in consolidated net profit to Rs 1,481 crore on a 19% increase in total revenue to Rs 7,732 crore in Q2 FY22 compared to Q2 FY21.

Powered by Capital Market – Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and up-to-date with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

Previous Government does not want to manage Vodafone Idea, fundraising is on track: Ravinder Takkar
Next Manappuram Finance will consider a fundraising plan on January 17; Stock under pressure