![Bajaj Housing Finance files DRHP with SEBI to raise ₹7,000 cr via IPO](https://images.assettype.com/fortuneindia%2F2022-11%2Fd366a41e-a68b-463f-ae44-b5ac83a7a81f%2FIPO.jpg?w=300&q=95)
Bajaj Housing Finance files DRHP with SEBI to raise ₹7,000 cr via IPO
The IPO of Bajaj Group company comprises fresh issue of equity shares of up to ₹4,000 crore and an OFS of shares worth up to ₹3,000 crore.
The IPO of Bajaj Group company comprises fresh issue of equity shares of up to ₹4,000 crore and an OFS of shares worth up to ₹3,000 crore.
IPO of Bajaj Housing Finance comprises of fresh issue of equity shares and an offer for sale of equity shares
After six months, the RBI has removed restrictions on Bajaj Finance’s two products after the remedial actions taken by the company.
Bajaj Finance says its new loans in Q4 dipped by 0.80 million on restrictions placed by RBI on loans under 'eCOM' and 'lnsta EMI Card'
The RBI has directed Bajaj Finance to stop sanction and disbursal of loans under its two lending products namely, ‘eCOM’ and ‘Insta EMI Card’.
The central bank says non-adherence of Bajaj Finance to the extant provisions of digital lending guidelines of the Reserve Bank of India necessitated this action.
The company proposes to offer a discount of up to 5% on the floor price
Bajaj Finance’s assets under management grow 33% or ₹20,167 cr to ₹2,90,264 cr in Q2 FY24; standalone profit surges 26%
The NBFC major is estimated to add 14 million customers—11 million offline and 3 million digital--- in this financial year.
Rajeev Jain has led the Pune-headquartered company’s digital transition and launched new lines of businesses, adding to its heft.