Bajaj Finance Allots ₹9,371 Crore Worth of NCDs on Private Placement Basis

Bajaj Finance announced that its board has approved the allotment of Non-Convertible Debentures (NCDs) worth ₹9,371.27 crore through a private placement. The company has issued 9,26,500 NCDs at a face value of ₹1 lakh each, offering an annual interest rate of 7.38%.

Listing and Security Details

The NCDs will be listed on the Wholesale Debt Market segment of the BSE. These debentures will mature on June 28, 2030. Bajaj Finance said the repayment of principal, interest, and related charges will be secured by a first pari-passu charge on its loan receivables, with a minimum security cover of 1x the value of the debentures.

Stock Price and Performance

As of May 22, Bajaj Finance share price closed at ₹9,150.50, down ₹47 or 0.51% for the day. The stock opened at ₹9,197.50 and touched an intraday high of ₹9,199.00 and a low of ₹9,070.50. The company has a market capitalisation of ₹5.68 lakh crore, a price-to-earnings (P/E) ratio of 34.12, and a dividend yield of 0.48%. Over the past 52 weeks, the stock has traded between a high of ₹9,660.00 and a low of ₹6,375.70.

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Strong Q4 FY25 Results

Profit and Income Growth

In Q4 FY25, Bajaj Finance posted a 19% year-on-year rise in net profit to ₹4,546 crore. Its net interest income (NII) also jumped 22% to ₹9,807 crore, up from ₹8,013 crore in Q4 FY24.

Dividends, Stock Split, and Bonus

To reward shareholders, the company announced a special dividend of ₹12 per share and a final dividend of ₹44 per share. Additionally, the board approved a stock split in a 1:2 ratio and a bonus issue in the ratio of 4:1.

AUM and Loan Growth

The company’s consolidated assets under management (AUM) reached ₹4.16 lakh crore as of March 2025, a 26% increase from ₹3.3 lakh crore in the same quarter last year. It also recorded a 36% rise in the number of new loans booked, reaching 10.7 million in Q4 FY25 compared to 7.87 million in Q4 FY24.

Conclusion

Bajaj Finance continues to demonstrate financial strength through strategic capital raising and consistent performance. With strong Q4 results, rising AUM, and shareholder-friendly moves like dividends, stock splits, and bonus shares, the company remains a preferred choice for long-term investors. The recent NCD allotment also reflects its focus on secured, cost-effective fundraising to support future growth.

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