Bajaj Finance Limited disclosed the allotment of warrants to its promoter and holding company, Bajaj Finserv Limited, on a preferential basis.
The PI 2026-Allotment Committee, constituted by the Board of Directors, approved the allotment at its meeting held on 10 November 2026. The meeting commenced at 11:45 hours and concluded at 12:00 hours.
Key Transaction Details
- Type of Security: Warrants convertible into equivalent number of Equity Shares of face value ₹1 each
- Type of Issuance: Preferential Allotment
- Total Number of Warrants Allotted: 5,74,25,740
- Issue Price: ₹1,010 per warrant
- Total Issue Value: ₹5,800.00 crore (approximately)
- Allottee: Bajaj Finserv Limited (Promoter and Holding company)
- Number of Investors: 1 (One)
Shareholding Impact
- Pre-preferential allotment shareholding of Bajaj Finserv: 3,19,36,61,300 equity shares (51.30%)
- Post-preferential allotment shareholding (after full conversion of warrants): 3,25,10,87,040 equity shares (51.23%)
- The minimal change in percentage holding indicates the transaction will result in negligible dilution for existing shareholders.
Conversion Terms
- Each warrant is convertible into one equity share of face value ₹1, which will be pari-passu with existing fully paid-up equity shares of the company.
- Payment Schedule: 25% of the consideration (₹1,010 per warrant) payable on the date of allotment, with the remaining 75% payable at the time of conversion into equity shares.
- Conversion Period: Warrants must be converted within eighteen months from the date of allotment or within such other period permitted under SEBI ICDR Regulations.
- Forfeiture Clause: If the allottee does not exercise the conversion option within the stipulated period, the consideration amount paid shall stand forfeited by the company.