Board Meeting29 Apr 2026, 05:41 pm
Bajaj Finance Board approves ₹5.5 Lakh Cr borrowing limit hike
AI Summary
Bajaj Finance's Board of Directors, at its meeting on April 29, 2026, approved a proposal to increase the company's overall borrowing limit from ₹375,000 crore to ₹550,000 crore. This fund-raising, primarily through debt instruments including non-convertible debentures (Indian or foreign currency), is subject to shareholder approval at the upcoming Annual General Meeting. The terms of the fund-raising, such as interest rate and tenor, will be determined as per offer documents issued by the company.
Key Highlights
- Board approved increasing borrowing limit to ₹550,000 crore.
- Previous borrowing limit was ₹375,000 crore.
- Funds to be raised via debt instruments, including NCDs.
- Shareholder approval required at the Annual General Meeting.
- This is a significant increase in the company's financial flexibility.