To issue 32,74,853 Equity Shares at Rs 4275 per share under QIP
Bajaj Finance announced that in respect of the QIP, the Special Committee (the "Committee") of the Company at its meeting held on 08 June 2015, has, inter alia, passed the following resolutions:1. Approved and declared the closure of the QIP on 08 June 2015;
2. Approved the issue price of Rs. 4275 per Equity Share (which is at a discount of Rs. 132.34 per Equity Share to the Floor Price of Rs. 4407.34 per Equity Share) for the Equity Shares to be allotted to eligible qualified institutional buyers in the QIP;
3. Approved the issuance of up to 32,74,853 Equity Shares at the aforesaid issue price for the QIP, which aggregates to approx. Rs. 14,000 million; and
4. Approved and adopted the Placement Document dated 08 June 2015, in connection with the QIP.
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