
Investment19 Mar 2025, 12:30 am
Bajaj Auto Ltd. to Infuse up to Rs. 1,500 Crore in Wholly Owned Subsidiary Bajaj Auto Credit Limited
AI Summary
Bajaj Auto Ltd. has approved an additional fund infusion up to Rs. 1,500 Crore in Bajaj Auto Credit Limited (BACL), its wholly owned subsidiary. The infusion could be in the form of equity capital, preference capital, or subordinated debt. This decision was made to support BACL's expected significant growth in Assets Under Management (AUM) in FY2025-26, following its national expansion. BACL is a 100% captive finance subsidiary of Bajaj Auto Limited, established for financing vehicles manufactured and/or marketed by the Company and its subsidiaries/associates. The additional investment is expected to be made during the financial year 2025-26 in a phased manner.
Key Highlights
- Bajaj Auto Ltd. to infuse up to Rs. 1,500 Crore in Bajaj Auto Credit Limited
- Infusion to support BACL's expected significant growth in AUM in FY2025-26
- BACL is a 100% captive finance subsidiary of Bajaj Auto Limited
- Additional investment to be made during the financial year 2025-26 in a phased manner
- BACL's financial details as on 31 March 2024: Turnover of Rs. 16.65 Crore and Net worth of Rs. 258.23 Crore