Bajaj Finance now holds 88.75% stake in Bajaj Housing Finance | Capital Market News
Allotted 50,85,71,428 equity shares of Rs. 10 each to successful Bidders, which were issued for subscription pursuant to the Fresh Issue; and
Approved the transfer of 42,85,71,428 equity shares of Rs. 10 each to successful Bidders, which were offered for sale by the Company.
As a result of the above, the Bajaj Finance’s shareholding in Bajaj Housing Finance stands reduced from 100% to 88.75% (i.e., from 781,95,75,273 to 739,10,03,845 equity shares), of the issued and paid-up equity share capital of Bajaj Housing Finance.
Consequent to the above, BHFL ceases to be a wholly-owned subsidiary of the Company. However, it continues to remain a subsidiary of the Company.
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First Published: Sep 13 2024 | 8:56 PM IST
