Company updateBusinessLine
Bajaj Finserv subscribes to Bajaj Finance warrants for 5,800 cr
Positive+8
GreyOak summary
Bajaj Finserv subscribed to approximately 5.74 crore warrants issued by its subsidiary, Bajaj Finance Ltd. The transaction was valued at Rs 5,800 crore at an issue price of Rs 1,010 per warrant. Each warrant is convertible into one equity share of Bajaj Finance.
What it affects
- Bajaj FinservBAJAJFINSVPositive +8
Subscribed to subsidiary warrants worth 5,800 crore.Rolling sentiment Positive +42
- Bajaj FinanceBAJFINANCEPositive +6
Issued 5.74 crore warrants to parent company.Rolling sentiment Positive +29
Source
Read the original at BusinessLineMore Bajaj Finserv news
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