MUMBAI: The board of
Bajaj Housing Finance
on Thursday approved an initial public offering with a
fresh issue
of shares worth Rs 4,000 crore. The shares will be priced at Rs 10 apiece.
In addition to the fresh issue, the offering could include an offer for sale of equity shares subject to market conditions and receipt of applicable approvals, the company said.
Bajaj Housing Finance is a wholly-owned subsidiary of Bajaj Finance, which is listed on the bourses.
Bajaj Finance
is the lending arm of Bajaj Finserv, the holding company for the Sanjiv Bajaj-led financial services group.
In Sept 2022, RBI had included Bajaj Housing Finance in the list of upper layer NBFCs which comprises finance companies with assets under management of over Rs 50,000 crore. Under the guidelines for upper layer NBFCs, Bajaj Finance had to be listed within three years of inclusion in the list.
English (US) ·