Quantitative Figures
The PI 2026-Special Committee of the Board of Directors approved the issue of 5,74,25,740 (Five Crore Seventy-Four Lakh Twenty-Five Thousand Seven Hundred Forty) warrants to Bajaj Finserv Limited. Each warrant is priced at ₹1,010, resulting in a total aggregate amount of ₹57,99,99,97,400 (Rupees Five Thousand Seven Hundred Ninety-Nine Crore Ninety-Nine Lakh Ninety-Seven Thousand Four Hundred Only).
Dates of Action
The committee meeting was held on 10 November 2026, commencing at 10:15 hours and concluding at 10:30 hours. This follows previous intimations dated 1 October 2026 (outcome of Board meeting) and 5 November 2026 (notice of committee meeting).
Parties Involved
- Issuer: Bajaj Finance Limited (BSE Scrip Code: 500034, NSE Scrip Code: BAJFINANCE-EQ)
- Allottee: Bajaj Finserv Limited, identified as the Promoter and holding company
- Regulatory Authorities: BSE Limited and National Stock Exchange of India Limited
- Company Representative: R. Vijay, Company Secretary
Regulatory Framework
The issue is conducted under Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (SEBI ICDR Regulations).
Purpose and Rationale
The warrants are convertible into equivalent equity shares of face value ₹1 each, though the specific conversion terms and timeline are not disclosed in this filing.