MUMBAI: Bajaj Housing Finance, a non-deposit taking housing finance company, promoted by Bajaj Finance has filed preliminary documents with market regulator SEBI to raise Rs7,000 crore through an initial public offer (IPO).
In the proposed IPO, Bajaj Finance, promoting company, offers shares worth (OFS) Rs3000 crore and new shares are offered for the balance Rs4000 crore.
Now Bajaj Housing Finance enters market to comply with the Reserve Bank of India’s stipulation that non-banking finance companies be listed on stock exchanges by September 2025.
Proceeds from the issue will be used to strengthen the capital base of the company to meet its future capital requirements.
