Bajaj Auto Limited informed stock exchanges that its wholly owned subsidiary, Bajaj Auto Credit Limited (BACL), has raised Rs 500.20 crore through the issuance of non-convertible debentures on a private placement basis. The secured and rated NCDs have been listed on the National Stock Exchange of India Ltd for trading.
The Debentures Issuance and Allotment Committee of BACL's board of directors approved the allotment of 50,000 secured, rated, listed, redeemable non-convertible debentures at a meeting held on June 19, 2026. Each NCD has a face value of Rs 1,00,000, and the aggregate issue size of the private placement is Rs 500.20 crore.
The NCDs were listed on NSE with effect from June 23, 2026. Bajaj Auto Limited received the intimation regarding the issuance, allotment and listing from BACL on the same day at approximately 5:23 PM. The parent company subsequently filed the disclosure with BSE Limited and the National Stock Exchange of India Ltd under the applicable regulations.
The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015. BACL is a wholly owned subsidiary of Bajaj Auto Limited and is registered as a non-banking financial company. The subsidiary provides financing solutions primarily for two-wheelers and three-wheelers manufactured by Bajaj Auto Limited.
BACL's business includes extending financing to customers and dealers of Bajaj Auto products across India. The latest debt market fundraising through secured NCDs adds to the subsidiary's existing sources of capital for its lending operations.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.