Bajaj Finance issues 5.74 crore warrants to promoter for Rs 5,799 crore
Bajaj Finance has allotted 5.74 crore warrants to its promoter, Bajaj Finserv, for Rs 5,799 crore. The special committee of the board approved the issue at an issue price of Rs 1,010 per warrant. Each warrant is convertible into an equivalent number of equity shares of the company. A minimum of 25 percent of the consideration...
Key Takeaways
- Bajaj Finance has allotted 5.74 crore warrants to its promoter, Bajaj Finserv, for Rs 5,799 crore.
- The special committee of the board approved the issue at an issue price of Rs 1,010 per warrant.
- Each warrant is convertible into an equivalent number of equity shares of the company.
Bajaj Finance has allotted 5.74 crore warrants to its promoter, Bajaj Finserv, for Rs 5,799 crore. The special committee of the board approved the issue at an issue price of Rs 1,010 per warrant. Each warrant is convertible into an equivalent number of equity shares of the company. A minimum of 25 percent of the consideration is payable at allotment, while the remaining 75 percent will be payable later.
Original Publisher Attribution
This summary was curated from Economic Times.