Bajaj Finance Allots 5.74 Crore Warrants to Promoter for Rs 5,799 Crore
Bajaj Finance has allotted 5.74 crore warrants to its promoter, Bajaj Finserv, for Rs 5,799 crore. The board's special committee approved the issue at Rs 1,010 per warrant. Each warrant is convertible into an equal number of equity shares. A minimum of 25% payment is due at allotment, with the remaining 75% payable later.
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