BAJFINANCE

Adds details on insurance deals in paragraphs 15-17

By Charlie Conchie

LONDON, July 1 (Reuters) - Indian financial services group Bajaj Finserv has increased its customer target to 250 million in the next four years, chairman and managing director Sanjiv Bajaj told Reuters, betting on strong growth in the South Asian economy.

Bajaj Finserv, one of India’s biggest non-bank financial firms, in December set a target of 200 million customers by 2029, but has been winning business more quickly than expected.

"(It's) very promising. We've added 10 million new customers in the last two years," Bajaj told Reuters.

The largest company in the century-old Bajaj Group, Bajaj Finserv has about 92 million active customers in India across divisions including lending, asset management and insurance. The Bajaj Group holds a 55% stake in the financial services company, which is listed on the National Stock Exchange of India.

Bajaj told Reuters in an interview in London that Bajaj Finserv had reached only about 30% to 40% of its potential market and was looking to accelerate growth by targeting India's burgeoning middle class and first-time borrowers.

Bajaj Finserv's largest subsidiary, Bajaj Finance, typically provides loans to small businesses and consumers to fund purchases of household and electrical goods, as well as mortgages via its property finance arm, Bajaj Housing Finance.

The biggest risk to the company's growth plans is that the Indian economy falls short of an 8% growth rate, Bajaj said, which economists believe it needs to meet its goal of becoming a developed nation.

While India's central government has set out plans to lift economic growth, there was a danger this did not translate to a state level, he added.

"The states rightly still have a lot of power, and I hope politics doesn't get the better of economics over there, because then it will deny us that additional opportunity to grow," Bajaj said.

Bajaj Finserv sees customers' ability to repay loans improving from here, he added.

While profit at the firm rose to $1.1 billion in the 12 months to the end of March, up from $900 million the previous year, Bajaj Finserv has set aside cash to cover losses in its loan book since 2020.

The net loss ratio at the company's flagship lending arm Bajaj Finance has reached about 0.7% in the last four or five years, Bajaj said, indicating a "little higher stress".

"Post-COVID, we initially saw a period of stress where we saw revenge buying happening all over the world," he said, referring to the trend of customers spending on expensive goods after the pandemic.

"So actually credit performance improved, and then it (has) started normalising to say 2019 pre-COVID levels. We think by and large it's normalised there; another couple of quarters and it should be fine."

Bajaj Finserv agreed a deal to buy out Allianz from two general and life insurance joint ventures in March for around 2.6 billion euros.

The deal, which is awaiting approval from regulators, will be funded by Bajaj Finserv internally, Bajaj said.

"Neither of the insurance companies has needed capital for the last 8-10 years, so the internal reserves have supported their growth, and that's why we've never felt the need to go to an outside investor for capital," he said.

Bajaj said the company had begun using artificial intelligence chatbots to grant loans and speak with customers and the technology would be central to its growth plans.

Asked if the company could consider international expansion in the future, Bajaj said: "We don't have plans yet, but it could be".

(Reporting by Charlie Conchie
Editing by Mark Potter)

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** Shares of Bajaj Finance BJFN.NS and Shriram Finance SHMF.NS rise 2.3% and 3.6%, while Cholamandalam Investment CHLA.NS gain 0.8%

** BJFN and SHMF among top gainers in Nifty 50 .NSEI and financials .NIFTYFIN indexes, which are up 1% and 1.3%

** Jefferies terms the three companies its top picks in non-bank lending space

** Jefferies says good monsoon, policy initiatives by the Reserve Bank of India and government should aid credit growth for shadow banks and lift demand in the second half of fiscal 2026

** Expects asset quality trends to stabilize and improve in second half of fiscal 2026

** BJFN and CHLA up about 36% in 2025 so far, SHMF rises 17% over the same period, Nifty 50 and financials indexes gain 7.8% and 15.7%, exchange data shows

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

MUMBAI, May 29 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 5 billion rupees ($58.5 million) for the reissue of 7.2337% June 2027 bonds, three bankers said on Thursday.

The non-banking financial company will offer a yield of 6.99% and had invited bids from bankers and investors earlier in the day, they said.

Bajaj Finance did not respond to a Reuters email for comment.

Here is the list of deals reported so far on May 29:

* Size includes base plus greenshoe for some issues

($1 = 85.4530 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

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MUMBAI, May 28 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 30 billion rupees ($351.7 million), including a greenshoe option of 25 billion rupees, through the reissue of 7.2337% June 2027 bonds, three bankers said on Wednesday.

The non-banking financial company has invited bids from bankers and investors on Thursday, they said.

Bajaj Finance did not respond to a Reuters email for comment.

Here is the list of deals reported so far on May 28:

*Size includes base plus greenshoe for some issues

($1 = 85.3020 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Varun H K)

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MUMBAI, May 21 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 92.65 billion rupees ($1.08 billion) for reissue of June 2028 and June 2030 bonds, three bankers said on Wednesday.

The non-banking financial company had invited bids from bankers and investors earlier in the day, they said.

Bajaj Finance did not respond to a Reuters email for comment.

Here is the list of deals reported so far on May 21:

*Size includes base plus greenshoe for some issues

($1 = 85.5280 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Varun H K)

(([email protected]))

MUMBAI, May 20 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 110 billion rupees ($1.29 billion, including a greenshoe option of 65 billion rupees, through the sale of bonds maturing in three years and one month and in five years and one month, three bankers said on Tuesday.

The non-banking financial company has invited bids from bankers and investors on Wednesday, they said.

Bajaj Finance did not respond to a Reuters email for comment.

Here is the list of deals reported so far on May 20:

*Size includes base plus greenshoe for some issues

($1 = 85.4425 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra
Editing by Sonia Cheema)

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

By Shritama Bose

MUMBAI, May 19 (Reuters Breakingviews) - India is shaking off a decade-old suspicion of flighty foreigners. Officials are easing rules to let them own more of its $600 billion of company debt and smoothing access to treasuries. Global economic conditions do not favour an immediate deluge of flows, but the country's road to a deeper bond market is getting shorter.

The central bank this month removed a 30% cap on outsiders owning bonds with residual maturity of less than a year. Days later, markets watchdog Securities and Exchange Board of India proposed a simpler due diligence regime for treasury-focused investors that could ease compliance for funds with complex structures or multiple schemes.

The reforms signal India is warming up to what it once considered hot money: itinerant pools of capital that bet on interest rate and currency differentials between markets. That's a big turnaround from a decade ago. Back then, authorities restricted their access to short-term securities following massive outflows during the so-called taper tantrum, sparked by the U.S. central bank revealing it would start scaling back its asset purchase program.

At present, rising U.S. yields dim the allure of Indian debt: foreign portfolio investors have used only 14% of the quota of company bonds available to them, down from 38% in May 2020. Officials are therefore willing to adjust conditions to be more favourable for high-yield seekers like Ares Management ARES.N and Oaktree, which are pushing into the market and prefer to hold debt to redemption rather than constantly monitor residual maturities for illiquid paper.

The additional liquidity it attracts could create a new layer of issuers between top-rated companies which dominate the market and high-risk borrowers, said Jayesh Mehta, vice chairman and CEO at non-bank lender DSP Finance. Bond issuance by Indian companies hit a record high in 2024. Top issuers included Bajaj Finance BJFN.NS and the parent firm of Bharti Airtel BRTI.NS.

Cash will not gush in immediately, as the yield differential between U.S. treasuries and the Indian equivalent is just 170 basis points, the narrowest in two decades. Over time, the shift will help India cut its companies' dependence on bank lending. There's a long way to go: the country's corporate bond market is just 16% of GDP, less than half the ratio for China. Still, it's better to open up when inflows will be a trickle rather than a flood.

Follow @ShritamaBose on X

CONTEXT NEWS

Securities and Exchange Board of India on May 13 proposed dropping disclosure requirements on group details of foreign investors who hold Indian government bonds.

The country's central bank on May 8 withdrew short-term investment and concentration limits applied to FPIs investing in Indian company debt.

(Editing by Una Galani and Aditya Srivastav)

((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))

MUMBAI, May 6 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 7.37 billion rupees ($87.4 million) for the reissue of 7.02% April 2031 bonds and 7.38% June 2030 bonds, three bankers said on Tuesday.

The non-banking financial company had invited bids from bankers and investors for the issue earlier in the day, they said.

Bajaj Finance did not respond to a Reuters email for comment.

Here is the list of deals reported so far on May 6:

*Size includes base plus greenshoe for some issues

($1 = 84.3300 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)

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By Dharamraj Dhutia and Khushi Malhotra

MUMBAI, May 5 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 42 billion rupees ($497.4 million), including a greenshoe option of 35 billion rupees, through the reissue of 7.02% April 2031 bonds and 7.38% June 2030 bonds, three bankers said on Monday.

The non-banking financial company has invited bids from bankers and investors for the issue on Tuesday, they said.

Bajaj Finance did not respond to a Reuters email for comment.

Here is the list of deals reported so far on May 5:

*Size includes base plus greenshoe for some issues

($1 = 84.4330 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)

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Updates for markets open

April 30 (Reuters) - Indian shares opened lower on Wednesday, weighed down by tensions with Pakistan, while Bajaj Finance led declines despite reporting a rise in fourth-quarter profit.

The Nifty 50 .NSEI was down 0.2% at 24,291 and the BSE Sensex .BSESN dropped 0.15% to 80,179.9 as of 9:19 a.m. IST.

Nine of the 13 major sectors declined at the open. The broader small- .NIFSMCP100 and mid-caps .NIFMDCP100 fell 1.3% and 0.6%, respectively.

Indian Prime Minister Narendra Modi granted military chiefs freedom to respond to last week's deadly militant attack in Kashmir, Reuters reported on Tuesday.

Non-bank lender Bajaj Finance BJFN.NS fell 5% despite posting a higher fourth-quarter profit, as multiple brokerages flagged weak pre-provision profit and higher credit costs as negatives.

Among other stocks, private lender IndusInd Bank INBK.NS fell 3% after its CEO Sumant Kathpalia resigned with immediate effect on Tuesday, in a management shakeup triggered by derivatives accounting lapses that have hit the lender's net worth.

(Reporting by Bharath Rajeswaran and Vivek Kumar M in Bengaluru; Editing by Mrigank Dhaniwala and Sonia Cheema)

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April 29 (Reuters) - Bajaj Finance Ltd BJFN.NS:

• BAJAJ FINANCE - FOR FY26, GNPA, NNPA ESTIMATED TO REMAIN LOWER THAN LONG-TERM GUIDANCE

• BAJAJ FINANCE Q4 CONSOL INTEREST INCOME 163.59 BILLION RUPEES

• BAJAJ FINANCE - ESTIMATES AUM GROWTH OF 24-25% FOR FY26, AIDED BY NEW LINES OF BUSINESSES LAUNCHED IN LAST 2-3 YEARS

• BAJAJ FINANCE - REMAINS CONFIDENT OF ADDING 14-16 MM CUSTOMERS IN FY26

• BAJAJ FINANCE - ESTIMATE NIM TO REMAIN STABLE IN FY26

Source text: ID:nNSEBBcBF

Further company coverage: BJFN.NS

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MUMBAI, April 25 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 25 billion rupees ($293.74 million), including a greenshoe option of 17.50 billion rupees, through a sale of bonds maturing in two years and two months, five-year and two months and reissue of 7.3763% June 2028 bonds, three bankers said on Friday.

The non-banking financial company has invited bids from bankers and investors for all the options later in the day, they said.

Bajaj Finance did not respond to a Reuters email for comment.

Here is the list of deals reported so far on April 25:

*Size includes base plus greenshoe for some issues

($1 = 85.1100 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)

(([email protected]))

** Shares of Bajaj Finance BJFN.NS, RIC rise as much as 3.6% to hit record high at 9,660 rupees

** Non-bank lender on Wednesday said it will consider sub-division and bonus issue of shares on April 29

** Avg rating of 30 analysts equivalent of "buy", median PT is 9,000 rupees - data compiled by LSEG

** Stock up 37.1% YTD

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

April 23 (Reuters) - Bajaj Finance Ltd BJFN.NS:

• WILL CONSIDER PROPOSAL OF SUB-DIVISION/ SPLIT OF EXISTING EQUITY SHARES

• TO CONSIDER PROPOSAL FOR ISSUE OF BONUS SHARES

• WILL CONSIDER SPECIAL DIVIDEND

Source text: ID:nBSE8hpgNw

Further company coverage: BJFN.NS

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MUMBAI, April 16 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 5 billion rupees ($58.4 million) for the sale of bonds maturing in three years and two months, three bankers said on Wednesday.

The non-banking financial company will offer a yield of 7.3763% and had invited bids from bankers and investors for the issue earlier in the day, they said.

Bajaj Finance did not respond to a Reuters email for comment.

Here is the list of deals reported so far on 16:

*Size includes base plus greenshoe for some issues

($1 = 85.6310 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)

(([email protected]; [email protected]))

MUMBAI, April 15 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 30 billion rupees ($349.8 million), including 25 billion rupees of a greenshoe option, through the sale of bonds maturing in three years and two months, three bankers said on Tuesday.

The non-banking financial company has invited bids from bankers and investors for the issue on Wednesday, they said.

Bajaj Finance did not respond to a Reuters email for comment.

Here is the list of deals reported so far on April 15:

*Size includes base plus greenshoe for some issues

($1 = 85.7700 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

(([email protected]))

MUMBAI, April 9 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 12.50 billion rupees ($144 million) for the reissue of 7.55% April 2035 bonds, three bankers said on Wednesday.

The non-banking financial company will offer a yield of 7.55% on this issue and had invited bids from bankers and investors for the issue on Tuesday, they said.

Bajaj Finance did not respond to a Reuters email for comment.

Here is the list of deals reported so far on April 9:

*Size includes base plus greenshoe for some issues

($1 = 86.6000 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

(([email protected]))

** Shares of non-bank lender Bajaj Finance BJFN.NS rise 3.1% to 8,837 rupees after CLSA reiterates "outperform", keeping it among top Indian stock picks

** CLSA retains Street-high target price of 11,000 rupees, implying a 28% upside to last closing price in 12 months

** Brokerage says "tough phase of earnings growth is over" for BJFN, projecting a 22%–23% profit CAGR over 5 years

** Says asset quality headwinds are receding, improving visibility for sustained growth

** CLSA also sees RBI's recent risk-weight cuts for NBFC lending as a tailwind for co

** Average rating of 31 analysts is a "buy"; the median price target at 9,000 rupees, according to data compiled by LSEG

** BJFN up 26% so far in 2025, outperforming the Nifty 50 .NSEI and financial services index .NIFTYFIN

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

MUMBAI, April 7 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 40 billion rupees ($466.18 million), including a greenshoe option of 27.50 billion rupees, through the reissue of 7.55% April 2035 bonds, three bankers said on Monday.

The non-banking financial company has invited bids from bankers and investors for the issue on Tuesday, they said.

Bajaj Finance did not respond to a Reuters email for comment.

Here is the list of deals reported so far on April 7:

* Size includes base plus greenshoe for some issues

($1 = 85.8030 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sherry Jacob-Phillips)

(([email protected]))

** Non-bank lender Bajaj Finance BJFN.NS rises 2.3% to 8795 rupees; among top gainers on financial services sub-index .NIFTYFIN, which is up 0.5%

** Co's business update for Q4 shows 26% y/y growth in assets under management; new loans up 36% y/y

** Jefferies reiterates "buy"; says strong AUM growth will aid healthy revenue growth in March-quarter earnings

** Adds improving asset quality, robust new loan booking will help earnings, stock trajectory

** YTD, BJFN gains 26%, outperforming NIFTYFIN's 5.7% rise

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

April 3 (Reuters) - Bajaj Finance Ltd BJFN.NS:

• BAJAJ FINANCE LTD - AUM GREW BY 26% Y/Y TO 4.17 TRILLION RUPEES AS OF MARCH 31, 2025

• BAJAJ FINANCE LTD - NEW LOANS BOOKED GREW BY 36 Y/Y% IN Q4 FY25

Source text: ID:nBSE2DZt9Y

Further company coverage: BJFN.NS

(([email protected];))

MUMBAI, April 2 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 59.9 billion rupees ($700.2 million) for bonds maturing in five years and in 10 years, three bankers said on Wednesday.

The non-banking financial company will pay an annual coupon of 7.57% on the five-year bonds and 7.55% coupon on the 10-year papers and had invited bids from bankers and investors for the issue earlier in the day, they said.

Bajaj Finance did not respond to Reuters email for comment.

Here is the list of deals reported so far on April 2:

*Size includes base plus greenshoe for some issues

($1 = 85.5480 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)

(([email protected]))

** Shares of India's Bajaj Finance BJFN.NS rise as much as 4.7% to record high of 9,089 rupees

** Stock top gainer in benchmark Nifty 50 index .NSEI, which is down 0.1%

** Non-banking financial co on Thursday named Anup Kumar Saha, present deputy MD as new MD, replacing veteral Rajeev Jain

** Jain named vice chairman, executive director

** Move should allow Jain to stay involved in short- and mid-range planning at Bajaj Finance and investor engagements- Jefferies

** Smooth succession, healthy growth & improving asset quality will aid valuations; BJFN remains top pick - brokerage

** BJFN top gainer in Nifty 50 index so far this year among 22 stocks trading in green, up 31.2% YTD

** In contrast Nifty 50 index down 2.1%

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

March 20 (Reuters) - Indian non-banking financial company Bajaj Finance BJFN.NS on Thursday named Anup Kumar Saha as its managing director, replacing Rajeev Jain.

The non-banking lender said Jain will continue as Vice Chairman.

(Reporting by Ashish Chandra in Bengaluru; Editing by Shreya Biswas
)

(([email protected]; +91 7982114624;))

MUMBAI, March 19 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 5.45 billion rupees ($62.99 million) for bonds maturing in four years and 11 months, three bankers said on Wednesday.

The non-banking financial company will pay an annual coupon of 7.80% on this issue and had invited bids from bankers and investors on Tuesday, they said.

Bajaj Finance did not respond to Reuters email for comment.

Here is the list of deals reported so far on March 19:

*Size includes base plus greenshoe for some issues

($1 = 86.5230 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)

(([email protected]))

MUMBAI, Feb 27 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 24.30 billion rupees ($279 million), including a greenshoe option of 20.25 billion rupees, through reissue of 7.60% February 2030 bonds, three bankers said on Thursday.

The non-banking financial company has invited bids for the issue from bankers and investors later in the day, they said.

The company did not respond to Reuters' request for comment.

Here is the list of deals reported so far on February 27:

*Size includes base plus greenshoe for some issues

($1 = 87.1000 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)

(([email protected]))

Adds RBI lifting restrictions on Kotak Mahindra Bank

Jan 9 (Reuters) - The Reserve Bank of India has started to ease curbs on non-banking financial companies (NBFCs) and banks after they improved their compliance following a series of supervisory restrictions.

High interest rates and tighter regulations have been cited as contributors to weak demand and a slowdown in India's economic growth, including by the federal finance ministry in a recent report.

The Indian central bank also got a new chief in December with Sanjay Malhotra taking over from Shaktikanta Das.

The following is a list of companies whose restrictions have been removed by the RBI.

KOTAK MAHINDRA BANK

The Reserve Bank of India on Wednesday lifted restrictions on Kotak Mahindra Bank KTKM.NS that had barred the lender from taking on new customers via its online and mobile banking channels, and from issuing new credit cards.

RBI had imposed business restrictions on the lender , asking it to stop adding clients through its online and mobile banking channels and issuing credit cards due to gaps in its IT infrastructure.

ASIRVAD MICRO FINANCE, DMI FINANCE, AROHAN FINANCIAL SERVICES, NAVI FINSERV

The RBI, last month, removed restrictions imposed on DMI Finance and Manappuram Finance-owned MNFL.NS Asirvad Micro Finance with immediate effect.

The regulator had in October barred the two companies, along with Arohan Financial Services and Navi Finserv, from sanctioning and disbursing loans due to "usurious" pricing and charging a significant mark-up over their funding costs.

The same restrictions on Arohan were lifted last week, and from Navi in December.

EDELWEISS ASSET RECONSTRUCTION, ECL FINANCE

The central bank last month lifted restrictions on Edelweiss Asset Reconstruction and ECL Finance, first imposed in May 2024, which barred them from acquiring financial assets or undertaking structured transactions.

The regulator was satisfied with the measures taken to address what it had called "evergreening" of distressed loans.

JM FINANCIAL

A unit of financial services firm JM Financial JMSH.NS in October resumed financing activities related to shares and debentures, including loans for IPO subscriptions after the central bank ended restrictive measures.

The RBI in March barred JM Financial Products from issuing such loans, due to regulatory violations and governance concerns.

IIFL FINANCE

In September, the RBI permitted IIFL Finance to resume issuance of gold loans.

The central bank had barred it from offering gold loans in March, citing concerns about its assessment of gold collateral and violations of the maximum permitted loan-to-value ratio, among other issues.

BAJAJ FINANCE

The RBI in May reversed curbs imposed on India's largest NBFC, Bajaj Finance, allowing it to restart loan disbursals under two of its lending products.

The restrictions were levied in November 2023 due to non-adherence with the central bank's digital lending guidelines.

(Reporting by Nandan Mandayam and Kashish Tandon in Bengaluru; Editing by Varun H K)

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Feb 10 (Reuters) - Bajaj Finance Ltd BJFN.NS:

• ALLOTTED NCDS AGGREGATING 7.6 BILLION RUPEES ON PRIVATE PLACEMENT BASIS

Source text: ID:nBSE8bBNXG

Further company coverage: BJFN.NS

(([email protected];;))

MUMBAI, Feb 7 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 7.50 billion rupees ($85.8 million) for the reissue of 7.7591% December 2027 bonds, three bankers said on Friday.

The non-banking financial company will offer a yield of 7.77% and had invited bids for the issue from bankers and investors earlier in the day, they said.

The company did not respond to Reuters' request for comment.

Here is the list of deals reported so far on Feb. 7:

*Size includes base plus greenshoe for some issues

($1 = 87.4070 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)

(([email protected]))

MUMBAI, Feb 6 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 45 billion rupees ($514 million), including a greenshoe option of 37.50 billion rupees, through the reissue of 7.7591% December 2027 bonds, three bankers said on Thursday.

The non-banking financial company has invited bids for the issue from bankers and investors on Friday, they said.

The company did not immediately respond to Reuters' request for comment.

Here is the list of deals reported so far on Feb. 6:

*Size includes base plus greenshoe for some issues

($1 = 87.5470 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Varun H K)

(([email protected]))