Bajaj Finance has raised Rs 23.5 crore through issuance of bonds on a private placement basis. The Debenture Allotment Committee of the company at its meeting held on March 21, 2017 allotted 235 secured redeemable non-convertible debentures.
Bajaj Finance is one of the leading financial companies in India. It offers personal loans that are convenient, flexible, quickly processed, have superior features like zero prepayment charges & requires no security with minimum paper work. The company has reported 36.04% rise in its net profit at Rs 555.65 crore for the quarter ended December 31, 2016, as compared to Rs 408.46 crore for the same quarter in the previous year.