24 Jul, 12:29 - Indian

SENSEX 79888.13 (-0.67)

Nifty 50 24339.1 (-0.57)

Nifty Bank 50871.1 (-1.75)

Nifty IT 40076.55 (0.08)

Nifty Midcap 100 56646.85 (0.64)

Nifty Next 50 71742.15 (0.15)

Nifty Pharma 20859.3 (0.50)

Nifty Smallcap 100 18616.75 (1.18)

24 Jul, 12:29 - Global

NIKKEI 225 39154.85 (-1.11)

HANG SENG 17276.92 (-1.10)

DOW JONES 40358.09 (-0.14)

S&P 5555.74 (-0.16)

Login/Signup

Hot Pursuit News

You are Here : Home > News > Hot Pursuit News >

(07 Jun 2024, 13:44)

Bajaj Finance rallies on plan to sell BHFL shares via OFS

Bajaj Finance advanced 3.84% to Rs 7,189.05 after the NBFC’s board approved the offer for sale (OFS) of equity shares of a wholly owned subsidiary, Bajaj Housing Finance (BHFL), aggregating to Rs 3,000 crore through initial public offer (IPO).

The OFS is subject to market conditions, receipt of applicable approvals including that of the Securities and Exchange Board of India (SEBI), BSE, National Stock Exchange of India and any other regulatory authority, as may be applicable and as required and commercial and other considerations.

Further, the board of directors of BHFL approved an IPO with fresh issue of equity shares aggregating up to 4,000 crore, subject to any revisions to such amount as may be permissible under applicable law.

Bajaj Finance is engaged in lending and allied activities. It focuses on consumer lending, small and medium-sized enterprises (SME) lending, commercial lending, rural lending, fixed deposits and value-added services.

The non-banking financial company (NBFC) reported 21.11% increase in con...

More News
More Company News View Company Information