Bajaj Auto Finance has decided to repurchase 6 per cent fully paid non-convertible debentures (NCD) of the face value of Rs 500 each from the open market.
The repurchase of NCDs will be for an amount aggregating up to Rs 40 crore and will be done during March 05, 2009 to March 18, 2009, the company said.
Last year, in the first tranche, the company had repurchased NCDs during March 24, 2008 to March 26, 2008 for Rs 102.69 crore.