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| Exchange Disseminated Time | Bajaj Finance Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 21, 2015,
inter alia, has approved, the following proposals subject to the approval of the shareholders:
1. Issue of securities for an aggregate amount upto Rs. 1400 crores through Qualified Institutions Placement in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 to Qualified Institutional Buyers.
2. Preferential issue of warrants upto 9,25,000 warrants convertible into equivalent number of equity shares to Bajaj Finserv Limited, the promoter, in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.
The Board has convened an extra-ordinary general meeting of the shareholders on May 20, 2015 to consider, inter alia, the above proposals. |
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