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.

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

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