Bajaj Finance Limited (the "Company") has announced that it will not be participating in the Preferential Issue of the Bank.
The Company has participated in Qualified Institutions Placement of the Bank (the "QIP") and have been allotted 42,73,504 equity shares at a price of Rs. 351.00 per equity shares aggregating to ~ Rs. 150 crore.
The overall investment of the Company in the Bank will not exceed Rs. 150 crore.
Shares of Bajaj Finance Limited was last trading in BSE at Rs.3987.4 as compared to the previous close of Rs. 3990.65. The total number of shares traded during the day was 34241 in over 3062 trades.
The stock hit an intraday high of Rs. 4031 and intraday low of 3970. The net turnover during the day was Rs. 136865190.