BAJAJFINSV
New to Zerodha? Sign-up for free.
New to Zerodha? Sign-up for free.
-
Share Price
-
Financials
-
Revenue mix
-
Shareholdings
-
Peers
-
Forensics
- 5D
- 1M
- 6M
- YTD
- 1Y
- 5Y
- MAX
This data is currently unavailable for this company.
-
Summary
-
Profit & Loss
-
Balance sheet
-
Cashflow
This data is currently unavailable for this company.
| (In Cr.) |
|---|
| (In Cr.) | ||||
|---|---|---|---|---|
|
This data is currently unavailable for this company. |
| (In %) |
|---|
| (In Cr.) |
|---|
| Financial Year (In Cr.) |
|---|
-
Product wise
-
Location wise
Revenue Mix
This data is currently unavailable for this company.
Revenue Mix
This data is currently unavailable for this company.
Recent events
-
News
-
Corporate Actions
Bajaj Finserv Q1 Consol Net Profit 27.89 Billion Rupees
July 25 (Reuters) - Bajaj Finserv Ltd BJFS.NS:
BAJAJ FINSERV Q1 CONSOL NET PROFIT 27.89 BILLION RUPEES
BAJAJ FINSERV Q1 CONSOL TOTAL REVENUE FROM OPERATIONS 354.39 BILLION RUPEES
Source text: [ID:]
Further company coverage: BJFS.NS
(([email protected];;))
July 25 (Reuters) - Bajaj Finserv Ltd BJFS.NS:
BAJAJ FINSERV Q1 CONSOL NET PROFIT 27.89 BILLION RUPEES
BAJAJ FINSERV Q1 CONSOL TOTAL REVENUE FROM OPERATIONS 354.39 BILLION RUPEES
Source text: [ID:]
Further company coverage: BJFS.NS
(([email protected];;))
India's Bajaj Finance beats quarterly profit view on healthy loan growth
Rewrites paragraph 1, adds company statement in paragraph 7
July 24 (Reuters) - Bajaj Finance BJFN.NS beat analysts' estimate for quarterly profit on Thursday, as healthy loan growth countered a decline in the non-bank lender's asset quality.
The non-banking financial company said its consolidated net profit rose 20% from a year earlier to 47 billion rupees ($544.16 million) for the April-June period.
Analysts on average estimated 46.61 billion rupees, according to data compiled by LSEG.
Its assets under management rose 25%, which Jefferies said was encouraging at a time when sales for consumer durables slowed.
Analysts said the lender's asset growth was boosted by segments such as small- and medium-enterprise loans.
New loan bookings jumped 23% from a year ago.
Bajaj Finance said in a presentation it was a good quarter for AUM and profitability, but credit cost remained elevated.
The company's net interest income — the difference between interest earned and paid out — rose 22% to 102.27 billion rupees.
It has been grappling with higher loan losses in the last few quarters, especially in the unsecured segment.
Loan losses and provisions grew 26% on-year to 21.20 billion rupees, while gross non-performing asset ratio deteriorated to 1.03% from 0.96% in the previous quarter and 0.86% a year ago.
($1 = 86.3720 Indian rupees)
(Reporting by Nishit Navin; Editing by Mrigank Dhaniwala and Shilpi Majumdar)
Rewrites paragraph 1, adds company statement in paragraph 7
July 24 (Reuters) - Bajaj Finance BJFN.NS beat analysts' estimate for quarterly profit on Thursday, as healthy loan growth countered a decline in the non-bank lender's asset quality.
The non-banking financial company said its consolidated net profit rose 20% from a year earlier to 47 billion rupees ($544.16 million) for the April-June period.
Analysts on average estimated 46.61 billion rupees, according to data compiled by LSEG.
Its assets under management rose 25%, which Jefferies said was encouraging at a time when sales for consumer durables slowed.
Analysts said the lender's asset growth was boosted by segments such as small- and medium-enterprise loans.
New loan bookings jumped 23% from a year ago.
Bajaj Finance said in a presentation it was a good quarter for AUM and profitability, but credit cost remained elevated.
The company's net interest income — the difference between interest earned and paid out — rose 22% to 102.27 billion rupees.
It has been grappling with higher loan losses in the last few quarters, especially in the unsecured segment.
Loan losses and provisions grew 26% on-year to 21.20 billion rupees, while gross non-performing asset ratio deteriorated to 1.03% from 0.96% in the previous quarter and 0.86% a year ago.
($1 = 86.3720 Indian rupees)
(Reporting by Nishit Navin; Editing by Mrigank Dhaniwala and Shilpi Majumdar)
Germany's Allianz ties up with India's Reliance-owned Jio Financial for reinsurance venture
July 18 (Reuters) - German insurer Allianz ALVG.DE has formed an equally-owned reinsurance joint venture in India with Reliance Group-owned Jio Financial Services JIOF.NS, expanding its presence in the country's insurance market, the companies said on Friday.
Allianz and Jio Financial signed a non-binding agreement to establish a 50-50 joint venture for both general and life insurance operations in India, the companies added.
Reuters in March reported that Allianz was exploring a potential partnership with the Mukesh Ambani-led Reliance Group firm Jio Financial Services.
Bloomberg News was the first to report the talks of the possible partnership last year.
The German company is pushing forward with its expansion in the South Asian nation, describing India as an important growth market and stating it would pursue new opportunities to strengthen its position in the country's insurance sector.
Earlier this year, Allianz had agreed to sell its 26% stake in its non-life and life insurance joint ventures with India's Bajaj Finserv for $2.8 billion, ending a decades-long partnership.
(Reporting by Chandni Shah in Bengaluru; Editing by Mohammed Safi Shamsi)
(([email protected];))
July 18 (Reuters) - German insurer Allianz ALVG.DE has formed an equally-owned reinsurance joint venture in India with Reliance Group-owned Jio Financial Services JIOF.NS, expanding its presence in the country's insurance market, the companies said on Friday.
Allianz and Jio Financial signed a non-binding agreement to establish a 50-50 joint venture for both general and life insurance operations in India, the companies added.
Reuters in March reported that Allianz was exploring a potential partnership with the Mukesh Ambani-led Reliance Group firm Jio Financial Services.
Bloomberg News was the first to report the talks of the possible partnership last year.
The German company is pushing forward with its expansion in the South Asian nation, describing India as an important growth market and stating it would pursue new opportunities to strengthen its position in the country's insurance sector.
Earlier this year, Allianz had agreed to sell its 26% stake in its non-life and life insurance joint ventures with India's Bajaj Finserv for $2.8 billion, ending a decades-long partnership.
(Reporting by Chandni Shah in Bengaluru; Editing by Mohammed Safi Shamsi)
(([email protected];))
India New Issue-Bajaj Housing Finance to reissue June 2030 bonds, bankers say
MUMBAI, July 8 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 15 billion rupees ($175.1 million), including a greenshoe option of 10 billion rupees, through the reissue of 7.08% June 2030 bonds, three merchant bankers said on Tuesday.
The company has invited bids from bankers and investors on Wednesday, they said.
Bajaj Housing Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on July 8:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing June 2028 Reissue | 5 years | To be decided | 5+10 | July 9 | AAA (Crisil) |
SMFG India Credit | 3 years | 7.30 | 2+6 | July 9 | AAA (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.6650 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)
MUMBAI, July 8 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 15 billion rupees ($175.1 million), including a greenshoe option of 10 billion rupees, through the reissue of 7.08% June 2030 bonds, three merchant bankers said on Tuesday.
The company has invited bids from bankers and investors on Wednesday, they said.
Bajaj Housing Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on July 8:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing June 2028 Reissue | 5 years | To be decided | 5+10 | July 9 | AAA (Crisil) |
SMFG India Credit | 3 years | 7.30 | 2+6 | July 9 | AAA (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.6650 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)
India New Issue-Bajaj Finance to issue 3-year bonds, bankers say
MUMBAI, July 4 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise up to 30 billion rupees ($351.5 million), including 20 billion rupees of a greenshoe option, through the sale of bonds maturing in three years and two days, three bankers said on Friday.
The non-banking financial company has invited bids from bankers and investors for the issue on Monday, they said.
Bajaj Finance did not respond to a Reuters email for comment.
Here is the list of deals reported so far on July 4:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 3 years and 2 days | To be decided | 10+20 | July 7 | AAA(Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.3390 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Ronojoy Mazumdar)
MUMBAI, July 4 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise up to 30 billion rupees ($351.5 million), including 20 billion rupees of a greenshoe option, through the sale of bonds maturing in three years and two days, three bankers said on Friday.
The non-banking financial company has invited bids from bankers and investors for the issue on Monday, they said.
Bajaj Finance did not respond to a Reuters email for comment.
Here is the list of deals reported so far on July 4:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 3 years and 2 days | To be decided | 10+20 | July 7 | AAA(Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.3390 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Ronojoy Mazumdar)
India's Bajaj Finserv hikes customer target to 250 million
Lifts customer target to 250 million in 4 years from 200 million
Chair warns politics must not hinder economic growth
Loan losses normalising to pre-COVID levels, chair says
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)
(([email protected]; +44 7787306777;))
Lifts customer target to 250 million in 4 years from 200 million
Chair warns politics must not hinder economic growth
Loan losses normalising to pre-COVID levels, chair says
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)
(([email protected]; +44 7787306777;))
India New Issue-Bajaj Housing accepts bids for bond reissue, bankers say
MUMBAI, June 27 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 10 billion rupees ($117.02 million) for the reissue of its 7.02% May 2028 bonds, three merchant bankers said on Friday.
The company will offer a yield of 7.05% and had invited bids from bankers and investors earlier in the day, they said.
Bajaj Housing Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 27:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance May 2028 Reissue | 2 years and 11 months | 7.05 (yield) | 10 | June 27 | AAA (Crisil) |
Embassy Office Parks REIT | 1 year 8 months and 20 days | 6.9650 (quarterly) | 7.50 | June 26 | AAA (Crisil) |
Kotak Mahindra Investments | 2 years and 19 days | 7.2941 | 0.75+2.75 | June 30 | AAA (Crisil) |
Kotak Mahindra Investments | 3 years, 1 month and 10 days | 7.3286 | 1+3 | June 30 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.4560 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Vijay Kishore)
MUMBAI, June 27 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 10 billion rupees ($117.02 million) for the reissue of its 7.02% May 2028 bonds, three merchant bankers said on Friday.
The company will offer a yield of 7.05% and had invited bids from bankers and investors earlier in the day, they said.
Bajaj Housing Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 27:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance May 2028 Reissue | 2 years and 11 months | 7.05 (yield) | 10 | June 27 | AAA (Crisil) |
Embassy Office Parks REIT | 1 year 8 months and 20 days | 6.9650 (quarterly) | 7.50 | June 26 | AAA (Crisil) |
Kotak Mahindra Investments | 2 years and 19 days | 7.2941 | 0.75+2.75 | June 30 | AAA (Crisil) |
Kotak Mahindra Investments | 3 years, 1 month and 10 days | 7.3286 | 1+3 | June 30 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.4560 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Vijay Kishore)
India New Issue-Bajaj Housing Finance to reissue May 2028 bonds, bankers say
MUMBAI, June 26 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 10 billion rupees ($116.4 million), including a greenshoe option of 5 billion rupees, through the reissue of 7.02% May 2028 bonds, three merchant bankers said on Wednesday.
The company has invited bids from bankers and investors on Friday, they said.
Bajaj Housing Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 26:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 2 years and 11 months | To be decided | 5+5 | June 27 | AAA (Crisil) |
Shriram Finance May 2027 reissue | 1 year and 11 months | 7.75 (yield) | 4+1 | June 27 | AA+ (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.8780 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, June 26 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 10 billion rupees ($116.4 million), including a greenshoe option of 5 billion rupees, through the reissue of 7.02% May 2028 bonds, three merchant bankers said on Wednesday.
The company has invited bids from bankers and investors on Friday, they said.
Bajaj Housing Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 26:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 2 years and 11 months | To be decided | 5+5 | June 27 | AAA (Crisil) |
Shriram Finance May 2027 reissue | 1 year and 11 months | 7.75 (yield) | 4+1 | June 27 | AA+ (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.8780 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
India's Bajaj Holdings sells stake worth $234 million in Bajaj Finserv via block deal
June 6 (Reuters) - Bajaj Holdings and Investment BJAT.NS said on Friday that it sold a 0.65% stake in financial services firm Bajaj Finserv BJFS.NS for 20.02 billion rupees ($233.8 million) via a block deal.
On Thursday, news channel ET Now had reported, citing sources, that Bajaj Finserv's founding firm Jamnalal Sons and Bajaj Holdings and Investment would sell a combined 1.58% stake in the financial services firm via block deals, with an option to sell an additional 0.36% stake.
($1 = 85.6200 Indian rupees)
(Reporting by Nishit Navin; Editing by Sonia Cheema)
(([email protected];))
June 6 (Reuters) - Bajaj Holdings and Investment BJAT.NS said on Friday that it sold a 0.65% stake in financial services firm Bajaj Finserv BJFS.NS for 20.02 billion rupees ($233.8 million) via a block deal.
On Thursday, news channel ET Now had reported, citing sources, that Bajaj Finserv's founding firm Jamnalal Sons and Bajaj Holdings and Investment would sell a combined 1.58% stake in the financial services firm via block deals, with an option to sell an additional 0.36% stake.
($1 = 85.6200 Indian rupees)
(Reporting by Nishit Navin; Editing by Sonia Cheema)
(([email protected];))
India New Issue-Bajaj Housing Finance accepts bids for bond reissue, bankers say
MUMBAI, June 4 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 5 billion rupees ($58.19 million) for the reissue of 7.02% May 2028 bonds, two merchant bankers said on Wednesday.
The company will offer a yield of 7.01% on this issue and had invited bids from bankers and investors earlier in the day.
Bajaj Housing Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 4:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing May 2028 reissue | 3 years | 7.01 (yield) | 5 | June 4 | AAA (Crisil) |
HUDCO | 3 years | 6.52 | 7.50 | June 4 | AAA (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.9200 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
MUMBAI, June 4 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 5 billion rupees ($58.19 million) for the reissue of 7.02% May 2028 bonds, two merchant bankers said on Wednesday.
The company will offer a yield of 7.01% on this issue and had invited bids from bankers and investors earlier in the day.
Bajaj Housing Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 4:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing May 2028 reissue | 3 years | 7.01 (yield) | 5 | June 4 | AAA (Crisil) |
HUDCO | 3 years | 6.52 | 7.50 | June 4 | AAA (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.9200 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
India New Issue-Bajaj Housing Finance to reissue May 2028 bonds, bankers say
MUMBAI, June 3 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 10 billion rupees ($117.03 million), which includes 5 billion rupees of a greenshoe option, through reissue of 7.02% May 2028 bonds, two merchant bankers said on Tuesday.
The company has invited bids from bankers and investors on Wednesday, they said.
Bajaj Housing Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 3:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing May 2028 reissue | 3 years | To be decided | 5+5 | June 4 | AAA (Crisil) |
HUDCO | 3 years | To be decided | 5+25 | June 4 | AAA (Icra, India Ratings) |
Vedanta | 30 months | 9.31 | 22.50+7.50 | June 4 | AA-(Crisil) |
Vedanta | 3 years | 9.45 | 10+7.50 | June 4 | AA-(Crisil) |
Vedanta | 2 years | OIS linked | 8.50 | June 4 | AA-(Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.4450 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
MUMBAI, June 3 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 10 billion rupees ($117.03 million), which includes 5 billion rupees of a greenshoe option, through reissue of 7.02% May 2028 bonds, two merchant bankers said on Tuesday.
The company has invited bids from bankers and investors on Wednesday, they said.
Bajaj Housing Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 3:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing May 2028 reissue | 3 years | To be decided | 5+5 | June 4 | AAA (Crisil) |
HUDCO | 3 years | To be decided | 5+25 | June 4 | AAA (Icra, India Ratings) |
Vedanta | 30 months | 9.31 | 22.50+7.50 | June 4 | AA-(Crisil) |
Vedanta | 3 years | 9.45 | 10+7.50 | June 4 | AA-(Crisil) |
Vedanta | 2 years | OIS linked | 8.50 | June 4 | AA-(Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.4450 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
India New Issue-Bajaj Finance to issue multiple tenor bonds, bankers say
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 3 year and 1 month | To be decided | 35+35 | May 21 | AAA (Crisil) |
Bajaj Finance | 5 years and 1 month | To be decided | 10+30 | May 21 | AAA (Crisil) |
Muthoot Finance | 3 year and 3 months | To be decided | 10+10 | May 21 | AA+(Crisil, Icra) |
ICICI Home Finance | 3 year and 3 months | To be decided | 3+3 | May 21 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.4425 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra
Editing by Sonia Cheema)
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 3 year and 1 month | To be decided | 35+35 | May 21 | AAA (Crisil) |
Bajaj Finance | 5 years and 1 month | To be decided | 10+30 | May 21 | AAA (Crisil) |
Muthoot Finance | 3 year and 3 months | To be decided | 10+10 | May 21 | AA+(Crisil, Icra) |
ICICI Home Finance | 3 year and 3 months | To be decided | 3+3 | May 21 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.4425 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra
Editing by Sonia Cheema)
India New Issue-Bajaj Finance to reissue multiple tenor bonds, bankers say
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance April 2031 Reissue | 5 years 11 months and 11 days | To be decided | 2+10 | May 6 | AAA (Crisil) |
Bajaj Finance June 2030 Reissue | 5 years 1 month and 21 days | To be decided | 5+25 | May 6 | AAA (Crisil) |
Summit Digitel Infrastructure | 15 years | 7.31 (quarterly) | 14.75 | May 5 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 84.4330 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance April 2031 Reissue | 5 years 11 months and 11 days | To be decided | 2+10 | May 6 | AAA (Crisil) |
Bajaj Finance June 2030 Reissue | 5 years 1 month and 21 days | To be decided | 5+25 | May 6 | AAA (Crisil) |
Summit Digitel Infrastructure | 15 years | 7.31 (quarterly) | 14.75 | May 5 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 84.4330 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
India New Issue-Bajaj Housing Finance accepts bids for bond issue, bankers say
MUMBAI, April 30 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bonds worth 10 billion rupees ($117.7 million) for a sale of bonds maturing in one year and 10 months, two merchant bankers said on Wednesday.
The company will pay an annual coupon of 7.14% on this issue and had invited bids from bankers and investors earlier in the day, the bankers said.
Bajaj Housing Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 30:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 1 year and 10 months | 7.14 | 10 | May 2 | AAA (Crisil) |
Godrej Industries | 4 years | To be decided | 2.50+2.50 | May 2 | AA+ (Crisil) |
Godrej Industries | 5 years | To be decided | 2.50+2.50 | May 2 | AA+ (Crisil) |
NHPC | 15 years | To be decided | 15+5 | May 2 | AAA (Crisil, India Ratings) |
HUDCO | 5 years | To be decided | 5+25 | May 2 | AAA (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 84.9725 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra
Editing by)
MUMBAI, April 30 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bonds worth 10 billion rupees ($117.7 million) for a sale of bonds maturing in one year and 10 months, two merchant bankers said on Wednesday.
The company will pay an annual coupon of 7.14% on this issue and had invited bids from bankers and investors earlier in the day, the bankers said.
Bajaj Housing Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 30:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 1 year and 10 months | 7.14 | 10 | May 2 | AAA (Crisil) |
Godrej Industries | 4 years | To be decided | 2.50+2.50 | May 2 | AA+ (Crisil) |
Godrej Industries | 5 years | To be decided | 2.50+2.50 | May 2 | AA+ (Crisil) |
NHPC | 15 years | To be decided | 15+5 | May 2 | AAA (Crisil, India Ratings) |
HUDCO | 5 years | To be decided | 5+25 | May 2 | AAA (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 84.9725 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra
Editing by)
India New Issue-Bajaj Finance to issue multiple tenor bonds, bankers say
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 2 year and 2 months | To be decided | 2.50+2.50 | April 25 | AAA (Crisil) |
Bajaj Finance | 5 year and 2 months | To be decided | 2.50+2.50 | April 25 | AAA (Crisil) |
Bajaj Finance | 3 year and 2 months | To be decided | 2.50+12.50 | April 25 | AAA (Crisil) |
Cube Highways Trust | 3 years | 7.2503 | 5.52 | April 24 | AAA (Crisil) |
Cube Highways Trust | 7 years | 7.3006 | 6 | April 24 | AAA (Crisil) |
Tata Power Renewable Energy | 15 years | 7.55 | 10 | April 24 | AA+ (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.1100 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 2 year and 2 months | To be decided | 2.50+2.50 | April 25 | AAA (Crisil) |
Bajaj Finance | 5 year and 2 months | To be decided | 2.50+2.50 | April 25 | AAA (Crisil) |
Bajaj Finance | 3 year and 2 months | To be decided | 2.50+12.50 | April 25 | AAA (Crisil) |
Cube Highways Trust | 3 years | 7.2503 | 5.52 | April 24 | AAA (Crisil) |
Cube Highways Trust | 7 years | 7.3006 | 6 | April 24 | AAA (Crisil) |
Tata Power Renewable Energy | 15 years | 7.55 | 10 | April 24 | AA+ (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.1100 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
India's Bajaj Finance plans share split, bonus issue of shares
April 23 (Reuters) - Indian non-bank lender Bajaj Finance BJFN.NS said on Wednesday that it will consider the sub-division and bonus issue of shares on April 29.
The company will also report quarterly earnings on the same day.
Bajaj Finance's profit in the October-December period jumped 18% year-on-year and it had forecast a profit growth of 22% to 23% for the fiscal year ending March 2026.
(Reporting by Manvi Pant in Bengaluru; Editing by Shailesh Kuber)
(([email protected]; +918447554364;))
April 23 (Reuters) - Indian non-bank lender Bajaj Finance BJFN.NS said on Wednesday that it will consider the sub-division and bonus issue of shares on April 29.
The company will also report quarterly earnings on the same day.
Bajaj Finance's profit in the October-December period jumped 18% year-on-year and it had forecast a profit growth of 22% to 23% for the fiscal year ending March 2026.
(Reporting by Manvi Pant in Bengaluru; Editing by Shailesh Kuber)
(([email protected]; +918447554364;))
India New Issue-Bajaj Finance accepts bids for over 3-year bonds, bankers say
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 3 years and 2 months | 7.3763 (yield) | 5 | April 16 | AAA (Crisil) |
Poonawalla Fincorp | 2 years | 7.65 | 11.60 | April 17 | AAA (Crisil) |
Poonawalla Fincorp | 3 years | 7.70 | 2.15+5 | April 17 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.6310 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 3 years and 2 months | 7.3763 (yield) | 5 | April 16 | AAA (Crisil) |
Poonawalla Fincorp | 2 years | 7.65 | 11.60 | April 17 | AAA (Crisil) |
Poonawalla Fincorp | 3 years | 7.70 | 2.15+5 | April 17 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.6310 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
India New Issue-Bajaj Finance to issue over 3-year bonds, bankers say
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 3 years and 2 months | To be decided | 5+@5 | April 16 | AAA (Crisil) |
NABARD Sept 2028 reissue | 3 years and 5 months | 7.0080(yield) | 70 | April 15 | AAA (Crisil, India rating) |
Toyota Financial Services | 3 years and 2 months | 7.6950 | 5 | April 15 | AAA (Icra) |
LIC Housing Fin Oct 2027 reissue | 2 years and 6 months | To be decided | 10+12.50 | April 15 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 85.7700 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 3 years and 2 months | To be decided | 5+@5 | April 16 | AAA (Crisil) |
NABARD Sept 2028 reissue | 3 years and 5 months | 7.0080(yield) | 70 | April 15 | AAA (Crisil, India rating) |
Toyota Financial Services | 3 years and 2 months | 7.6950 | 5 | April 15 | AAA (Icra) |
LIC Housing Fin Oct 2027 reissue | 2 years and 6 months | To be decided | 10+12.50 | April 15 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 85.7700 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
India New Issue-Bajaj Housing Finance accepts bids for 10-year bonds, bankers say
MUMBAI, April 9 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 15 billion rupees ($173.2 million) for bonds maturing in 10 years, two merchant bankers said on Wednesday.
The company will pay an annual coupon of 7.50% and had invited bids from bankers and investors on Tuesday, the bankers said.
Bajaj Housing Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 9:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 10 years | 7.50 | 15 | April 8 | AAA (Crisil) |
LIC Housing Fin Feb 2030 reissue | 4 years and 10 months | 7.20 (yield) | 10 | April 8 | AAA (Crisil, Care) |
Cholamandalam Investment | 7 years | 8.75 | 5 | April 8 | AA+ (Icra, India Ratings) |
L&T Finance | 3 years and 2 months | 7.5934 | 1+4 | April 11 | AAA (India Ratings, Icra) |
L&T Finance | 5 years | To be decided | 1+4 | April 11 | AAA (Care, IcRA) |
*Size includes base plus greenshoe for some issues
($1 = 86.6120 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
MUMBAI, April 9 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 15 billion rupees ($173.2 million) for bonds maturing in 10 years, two merchant bankers said on Wednesday.
The company will pay an annual coupon of 7.50% and had invited bids from bankers and investors on Tuesday, the bankers said.
Bajaj Housing Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 9:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 10 years | 7.50 | 15 | April 8 | AAA (Crisil) |
LIC Housing Fin Feb 2030 reissue | 4 years and 10 months | 7.20 (yield) | 10 | April 8 | AAA (Crisil, Care) |
Cholamandalam Investment | 7 years | 8.75 | 5 | April 8 | AA+ (Icra, India Ratings) |
L&T Finance | 3 years and 2 months | 7.5934 | 1+4 | April 11 | AAA (India Ratings, Icra) |
L&T Finance | 5 years | To be decided | 1+4 | April 11 | AAA (Care, IcRA) |
*Size includes base plus greenshoe for some issues
($1 = 86.6120 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
India New Issue-Bajaj Housing Finance to issue 10-year bonds, bankers say
MUMBAI, April 7 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 15 billion rupees ($174.8 million), including a greenshoe option of 10 billion rupees, through a sale of bonds maturing in 10 years, two merchant bankers said on Monday.
The company has invited bids from bankers and investors on Tuesday, the bankers said.
Bajaj Housing Finance did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 10 years | To be decided | 5+10 | April 8 | AAA (Crisil) |
Bajaj Finance April 2035 reissue | 10 years | 7.55 | 12.50+27.50 | April 8 | AAA (Crisil) |
NaBFID | 10 years | 7.04 | 42.40 | April 7 | AAA (Crisil, Icra) |
NaBFID | 5 years | 7.03 | 14.69 | April 7 | AAA (Crisil, Icra) |
LIC Housing Feb 2030 reissue | 5 years | 7.6450 | 10+10 | April 8 | AAA (Crisil, Care) |
Shriram Finance | 3 years | 8.70 | 3.75+15 | April 8 | AA+ (Crisil) |
Shriram Finance | 5 years and 3 months | 8.69 | 3.75+15 | April 8 | AA+ (Crisil) |
India Infradebt Sept 2030 reissue | 5 years and 5 months | To be decided | 2.50+7.50 | April 8 | AAA (Crisil, Icra) |
India Infradebt Dec 2034 reissue | 9 years and 8 months | To be decided | 1+4 | April 8 | AAA (Crisil, Icra) |
Cholamandalam Investment | 7 years | 8.75 | 5+5 | April 8 | AA+ (Icra, India Ratings) |
REC | 15 years | To be decided | 5+25 | April 8 | AAA (Crisil, Icra, Care) |
* Size includes base plus greenshoe for some issues
($1 = 85.8150 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
MUMBAI, April 7 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 15 billion rupees ($174.8 million), including a greenshoe option of 10 billion rupees, through a sale of bonds maturing in 10 years, two merchant bankers said on Monday.
The company has invited bids from bankers and investors on Tuesday, the bankers said.
Bajaj Housing Finance did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 10 years | To be decided | 5+10 | April 8 | AAA (Crisil) |
Bajaj Finance April 2035 reissue | 10 years | 7.55 | 12.50+27.50 | April 8 | AAA (Crisil) |
NaBFID | 10 years | 7.04 | 42.40 | April 7 | AAA (Crisil, Icra) |
NaBFID | 5 years | 7.03 | 14.69 | April 7 | AAA (Crisil, Icra) |
LIC Housing Feb 2030 reissue | 5 years | 7.6450 | 10+10 | April 8 | AAA (Crisil, Care) |
Shriram Finance | 3 years | 8.70 | 3.75+15 | April 8 | AA+ (Crisil) |
Shriram Finance | 5 years and 3 months | 8.69 | 3.75+15 | April 8 | AA+ (Crisil) |
India Infradebt Sept 2030 reissue | 5 years and 5 months | To be decided | 2.50+7.50 | April 8 | AAA (Crisil, Icra) |
India Infradebt Dec 2034 reissue | 9 years and 8 months | To be decided | 1+4 | April 8 | AAA (Crisil, Icra) |
Cholamandalam Investment | 7 years | 8.75 | 5+5 | April 8 | AA+ (Icra, India Ratings) |
REC | 15 years | To be decided | 5+25 | April 8 | AAA (Crisil, Icra, Care) |
* Size includes base plus greenshoe for some issues
($1 = 85.8150 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
India New Issue-Bajaj Finance accepts bids for multiple tenor bonds, bankers say
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 5 years | 7.57 | 30 | April 2 | AAA (Crisil) |
Bajaj Finance | 10 years | 7.55 | 29.90 | April 2 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.5480 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 5 years | 7.57 | 30 | April 2 | AAA (Crisil) |
Bajaj Finance | 10 years | 7.55 | 29.90 | April 2 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.5480 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)
Bajaj Finserv Appoints Rajeev Jain As Additional Director
March 21 (Reuters) - Bajaj Finserv Ltd BJFS.NS:
BAJAJ FINSERV LTD - APPOINTS RAJEEV JAIN AS ADDITIONAL DIRECTOR
Source text: ID:nBSE3Vc3b4
Further company coverage: BJFS.NS
(([email protected];;))
March 21 (Reuters) - Bajaj Finserv Ltd BJFS.NS:
BAJAJ FINSERV LTD - APPOINTS RAJEEV JAIN AS ADDITIONAL DIRECTOR
Source text: ID:nBSE3Vc3b4
Further company coverage: BJFS.NS
(([email protected];;))
Allianz and Jio Financial reach initial deal for India insurance business, Bloomberg News reports
March 20 (Reuters) - Reliance group-owned Jio Financial Services JIOF.NS has reached a preliminary agreement with Germany's Allianz SE ALVG.DE to form an insurance business in India, Bloomberg News reported on Thursday, citing people familiar with the matter.
This comes after Allianz earlier this week agreed to sell its 26% stake in its non-life and life insurance joint ventures with Bajaj Finserv BJFS.NS to the Bajaj Group for around 2.6 billion euros ($2.82 billion).
Bloomberg said that billionaire Mukesh Ambani's Jio and Allianz were in the process of finalising the ownership structure.
Allianz is aiming for a majority stake in the venture but is also open to securing governance rights with a path to taking control in the future, the report said.
Allianz and Jio Financial did not immediately respond to Reuters' request for comments.
The German insurer has said that India remains an important growth market and that it would explore new opportunities that strengthen its position in the country's insurance market.
($1 = 0.9227 euros)
(Reporting by Nishit Navin in Bengaluru; Editing by Sonia Cheema)
(([email protected];))
March 20 (Reuters) - Reliance group-owned Jio Financial Services JIOF.NS has reached a preliminary agreement with Germany's Allianz SE ALVG.DE to form an insurance business in India, Bloomberg News reported on Thursday, citing people familiar with the matter.
This comes after Allianz earlier this week agreed to sell its 26% stake in its non-life and life insurance joint ventures with Bajaj Finserv BJFS.NS to the Bajaj Group for around 2.6 billion euros ($2.82 billion).
Bloomberg said that billionaire Mukesh Ambani's Jio and Allianz were in the process of finalising the ownership structure.
Allianz is aiming for a majority stake in the venture but is also open to securing governance rights with a path to taking control in the future, the report said.
Allianz and Jio Financial did not immediately respond to Reuters' request for comments.
The German insurer has said that India remains an important growth market and that it would explore new opportunities that strengthen its position in the country's insurance market.
($1 = 0.9227 euros)
(Reporting by Nishit Navin in Bengaluru; Editing by Sonia Cheema)
(([email protected];))
India New Issue-Bajaj Finance accepts bids for near 5-year bonds, bankers say
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 4 year and 11 months | 7.80 | 5.45 | March 18 | AAA (Crisil) |
NIIF Infra Finance | 7 year and 2 months | 7.93 | 6.83 | March 18 | AAA (Care, Icra) |
JSW Energy | 3 years | 8.75 | 3+1 | March 19 | AA (Icra, India Ratings) |
JSW Energy | 5 years | 8.80 | 4 | March 19 | AA (Icra, India Ratings) |
IIFL Finance | 13 months | To be decided | 4+2 | March 19 | AA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 86.5230 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 4 year and 11 months | 7.80 | 5.45 | March 18 | AAA (Crisil) |
NIIF Infra Finance | 7 year and 2 months | 7.93 | 6.83 | March 18 | AAA (Care, Icra) |
JSW Energy | 3 years | 8.75 | 3+1 | March 19 | AA (Icra, India Ratings) |
JSW Energy | 5 years | 8.80 | 4 | March 19 | AA (Icra, India Ratings) |
IIFL Finance | 13 months | To be decided | 4+2 | March 19 | AA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 86.5230 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
India's Bajaj Finserv falls as Allianz exits JV at discount
** India's Bajaj Finserv BJFS.NS down 1.7% at 1,840 rupees
** Top loser on benchmark Nifty 50 .NSEI, which is up 1.1%
** Germany's Allianz ALVG.DE says to sell 26% stake in JV with Bajaj Finserv to Bajaj Group for ~2.6 bln euros ($2.84 bln)
** Kotak Institutional Equities says deal values Bajaj Allianz at 400 bln rupees, 28% less than Kotak's fair value
** Kotak cuts stock to "add" from "buy", trims fair value to 2,000 rupees from 2,100 rupees
** Analysts avg rating is "buy"; median PT 2,000 rupees-LSEG data
** BJFS up 17% YTD, 2nd-highest on Nifty 50 (down 4% YTD)
** BJFS unit Bajaj Finance BJFN.NS up 0.2% on the day; up 26% YTD, most on Nifty 50
(Reporting by Sethuraman NR in Bengaluru)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
** India's Bajaj Finserv BJFS.NS down 1.7% at 1,840 rupees
** Top loser on benchmark Nifty 50 .NSEI, which is up 1.1%
** Germany's Allianz ALVG.DE says to sell 26% stake in JV with Bajaj Finserv to Bajaj Group for ~2.6 bln euros ($2.84 bln)
** Kotak Institutional Equities says deal values Bajaj Allianz at 400 bln rupees, 28% less than Kotak's fair value
** Kotak cuts stock to "add" from "buy", trims fair value to 2,000 rupees from 2,100 rupees
** Analysts avg rating is "buy"; median PT 2,000 rupees-LSEG data
** BJFS up 17% YTD, 2nd-highest on Nifty 50 (down 4% YTD)
** BJFS unit Bajaj Finance BJFN.NS up 0.2% on the day; up 26% YTD, most on Nifty 50
(Reporting by Sethuraman NR in Bengaluru)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
India's Bajaj Finserv jumps on block deals at premium
** Shares of non-banking financial firm Bajaj Finserv BJFS.NS rise as much as 3.9% to 1,877.90 rupees
** Almost 3.2 mln shares traded in 15 block deals at 1,864.90 to 1,870.50 rupees per share - data compiled by LSEG
** Prices at a premium to stock's last close of 1,807.45 rupees
** Stock among top pct gainers in Nifty 50 index .NSEI which is up 0.3%
** Stock is witnessing its most active trading session since January 2, with more than 5.9 mln shares changing hands, 3.3x its 30-day avg
** Avg rating of 11 analysts equivalent of "buy", median PT is 2,000 rupees - data compiled by LSEG
** Stock up 19.1% YTD vs 5.1% fall in Nifty 50 index
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Shares of non-banking financial firm Bajaj Finserv BJFS.NS rise as much as 3.9% to 1,877.90 rupees
** Almost 3.2 mln shares traded in 15 block deals at 1,864.90 to 1,870.50 rupees per share - data compiled by LSEG
** Prices at a premium to stock's last close of 1,807.45 rupees
** Stock among top pct gainers in Nifty 50 index .NSEI which is up 0.3%
** Stock is witnessing its most active trading session since January 2, with more than 5.9 mln shares changing hands, 3.3x its 30-day avg
** Avg rating of 11 analysts equivalent of "buy", median PT is 2,000 rupees - data compiled by LSEG
** Stock up 19.1% YTD vs 5.1% fall in Nifty 50 index
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
India New Issue-Bajaj Finance to reissue February 2030 bonds, bankers say
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 5 years | To be decided | 4.05+20.25 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.1000 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 5 years | To be decided | 4.05+20.25 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.1000 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)
India New Issue-Bajaj Finance accepts bids for bond reissue, bankers say
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance Dec 2027 reissue | 1 year and 10 months | 7.77 (yield) | 7.50 | Feb. 7 | AAA (Crisil) |
Aditya Birla Housing Finance | 2 year and 4 months | To be decided | 5+4.50 | Feb. 10 | AAA (Icra, Crisil) |
Aditya Birla Housing Finance | 3 year and 3 months | To be decided | 5+3.50 | Feb. 10 | AAA (Icra, Crisil) |
Cube Highways Trust | 17 years | To be decided | 8.60 | Feb. 10 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.4070 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance Dec 2027 reissue | 1 year and 10 months | 7.77 (yield) | 7.50 | Feb. 7 | AAA (Crisil) |
Aditya Birla Housing Finance | 2 year and 4 months | To be decided | 5+4.50 | Feb. 10 | AAA (Icra, Crisil) |
Aditya Birla Housing Finance | 3 year and 3 months | To be decided | 5+3.50 | Feb. 10 | AAA (Icra, Crisil) |
Cube Highways Trust | 17 years | To be decided | 8.60 | Feb. 10 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.4070 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
India New Issue-Bajaj Finance to reissue Dec 2027 bonds, bankers say
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance Dec 2027 reissue | 1 year and 10 months | To be decided | 7.50+47.50 | Feb. 7 | AAA (Crisil) |
Tata Projects | 6 years | 8.60 | 5 | Feb. 6 | AA (India Ratings) |
SIDBI | 4 years and 1 month | To be decided | 20+40 | Feb. 10 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 87.5470 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance Dec 2027 reissue | 1 year and 10 months | To be decided | 7.50+47.50 | Feb. 7 | AAA (Crisil) |
Tata Projects | 6 years | 8.60 | 5 | Feb. 6 | AA (India Ratings) |
SIDBI | 4 years and 1 month | To be decided | 20+40 | Feb. 10 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 87.5470 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
India New Issue-Bajaj Finance accepts bids for bond reissue, bankers say
MUMBAI, Feb 4 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 5 billion rupees ($57.49 million) for the reissue of 7.60% Feb 2030 bonds, three bankers said on Tuesday.
The non-banking finance company will offer a yield of 7.74% and had invited bids for the issue from bankers and investors on Monday, they said.
The company did not immediately respond to a Reuters request for comment.
Here is the list of deals reported so far on Feb. 4
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance Feb 2030 reissue | 5 years | 7.74 (yield) | 5 | Feb. 3 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 86.9720 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
MUMBAI, Feb 4 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 5 billion rupees ($57.49 million) for the reissue of 7.60% Feb 2030 bonds, three bankers said on Tuesday.
The non-banking finance company will offer a yield of 7.74% and had invited bids for the issue from bankers and investors on Monday, they said.
The company did not immediately respond to a Reuters request for comment.
Here is the list of deals reported so far on Feb. 4
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance Feb 2030 reissue | 5 years | 7.74 (yield) | 5 | Feb. 3 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 86.9720 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
Events:
Dividend
Dividend
Dividend
Bonus
Split
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
More Large Cap Ideas
See similar 'Large' cap companies with recent activity
Promoter Buying
Companies where the promoters are bullish
Capex
Companies investing on expansion
Superstar Investor
Companies where well known investors have invested
Popular questions
-
Business
-
Financials
-
Share Price
-
Shareholdings
What does Bajaj Finserv do?
Bajaj Finserv Limited focuses on promoting financial services like finance, insurance, broking, investments through digital platforms and also generates power using wind turbines as a renewable energy source.
Who are the competitors of Bajaj Finserv?
Bajaj Finserv major competitors are JIO Financial Serv., Indian Railway Fin., Power Finance Corp, Chola Invest & Fin., Shriram Finance, REC, Muthoot Finance. Market Cap of Bajaj Finserv is ₹3,05,758 Crs. While the median market cap of its peers are ₹1,22,905 Crs.
Is Bajaj Finserv financially stable compared to its competitors?
Bajaj Finserv seems to be less financially stable compared to its competitors. Altman Z score of Bajaj Finserv is 0.37 and is ranked 8 out of its 8 competitors.
Does Bajaj Finserv pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Bajaj Finserv latest dividend payout ratio is 1.8% and 3yr average dividend payout ratio is 1.91%
How has Bajaj Finserv allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Bajaj Finserv balance sheet?
Bajaj Finserv balance sheet is weak and might have solvency issues
Is the profitablity of Bajaj Finserv improving?
Yes, profit is increasing. The profit of Bajaj Finserv is ₹18,661 Crs for TTM, ₹8,872 Crs for Mar 2025 and ₹8,148 Crs for Mar 2024.
Is the debt of Bajaj Finserv increasing or decreasing?
Yes, The debt of Bajaj Finserv is increasing. Latest debt of Bajaj Finserv is ₹3,23,163 Crs as of Mar-25. This is greater than Mar-24 when it was ₹2,63,075 Crs.
Is Bajaj Finserv stock expensive?
Bajaj Finserv is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of Bajaj Finserv is 32.11, while 3 year average PE is 42.74. Also latest EV/EBITDA of Bajaj Finserv is 12.46 while 3yr average is 9.55.
Has the share price of Bajaj Finserv grown faster than its competition?
Bajaj Finserv has given better returns compared to its competitors. Bajaj Finserv has grown at ~25.89% over the last 1yrs while peers have grown at a median rate of 2.25%
Is the promoter bullish about Bajaj Finserv?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Bajaj Finserv is 58.81% and last quarter promoter holding is 60.64%
Are mutual funds buying/selling Bajaj Finserv?
The mutual fund holding of Bajaj Finserv is increasing. The current mutual fund holding in Bajaj Finserv is 6.87% while previous quarter holding is 5.43%.