 "Bajaj Finance")
The shares of Bajaj Finance ended 3 per cent higher at Rs 7,240 on the BSE during Thursday’s trade amid reports that the company was planning an initial public offering (IPO) of its housing finance subsidiary, Bajaj Housing Finance Limited (BHFL) at a valuation of Rs 80,000-85,000 crore.
Shares of Bajaj Finance were trading higher for the seventh straight day. In the past two weeks, the stock has rallied 13 per cent.
BHFL offers a full range of mortgage products such as home loans, loan against property and lease rental discounting to salaried and self-employed customers. It also offers construction finance and
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