The Board of Administrators of Bajaj Housing Finance Ltd (BHFL) on Thursday accepted an preliminary public providing (IPO) comprising recent concern of fairness shares of ₹10 every aggregating as much as ₹4,000 crore and a suggestion on the market (OFS) of fairness shares.
The recent concern of fairness shares is topic to any revisions to such quantity as could also be permissible underneath relevant regulation. The IPO is to satisfy the obligatory itemizing circumstances pursuant to BHFL’s classification as an NBFC — Higher Layer by RBI.
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The IPO is topic to market circumstances, receipt of relevant approvals, regulatory clearances and different issues.
BHFL’s AUM (belongings underneath administration) was up 32 per cent at ₹91,370 crore as at March-end 2024 as in opposition to ₹69,228 crore as of 31 March 2023. Its internet revenue grew by 26 per cent to ₹381 crore in This fall FY24.
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