Investment10 Nov 2026, 05:30 pm
Bajaj Finserv Subscribes ₹5,799.99 Cr Warrants in Bajaj Finance
AI Summary
Bajaj Finserv Ltd. has subscribed to 5,74,25,740 warrants issued by its listed subsidiary, Bajaj Finance Ltd. (BFL). The subscription, made on a preferential basis, amounts to an aggregate cash consideration of ₹57,999,999,740 (Rupees Five Thousand Seven Hundred Ninety-Nine Crore Ninety-Nine Lakh Ninety-Seven Thousand Four Hundred Only). Each warrant is convertible into one equity share of BFL at an issue price of ₹1,010 per warrant. This move is in furtherance to the Board of Directors' earlier decision to approve the subscription for warrants convertible into equity shares for an aggregate cash consideration not exceeding ₹5,800 Crore.
Key Highlights
- Bajaj Finserv invested ₹5,799.99 Cr in subsidiary Bajaj Finance.
- The investment is via subscription to convertible warrants.
- Each warrant was issued at ₹1,010, convertible to one equity share.
- This follows the Board's approval for a potential ₹5,800 Cr investment.
- The transaction is a preferential allotment on a private placement basis.
Price Impact
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