Bajaj Finserv Limited announced on Tuesday that it has successfully completed the conversion of 15.5 lakh warrants of its subsidiary, Bajaj Finance Limited (BFL), into equity shares. The move comes under a preferential issue initially allotted on November 2, 2023, as part of BFL’s FY2024 capital raise plans.
As per regulatory filings, Bajaj Finserv has remitted the remaining 75% consideration amounting to ₹891.64 crore, following its earlier payment of 25% (₹297.21 crore), bringing the total investment to ₹1,188.85 crore at a conversion price of ₹7,670 per share.
Consequently, BFL has allotted 15,50,000 equity shares of face value ₹2 each to Bajaj Finserv on March 26, 2025. With this, Bajaj Finserv’s stake in its subsidiary has marginally increased from 51.27% to 51.39%, while Bajaj Finance continues to remain a material subsidiary.
The investment underlines Bajaj Finserv’s continued commitment and support toward Bajaj Finance’s growth strategy. BFL, a leading NBFC in India, reported a standalone turnover of ₹46,946 crore in FY24, with diversified lending operations across retail, SME, and commercial segments, and operates under the RBI’s upper layer NBFC framework.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are advised to consult their financial advisors before making any investment decisions.
