Bajaj Finserv board approves up to Rs. 10 billion of convertibles

By Ashley Montgomery

Kansas City, Kan., May 16 - Bajaj Finserv Ltd. informed the Bombay Stock Exchange that at a meeting on May 16 its board of directors approved the issue of securities convertible into equity shares.

The company may also choose to issue equity shares.

The company will use the issue of up to Rs. 10 billion to raise funds.

Bajaj Finserv is a retail financing company based in Pune, India.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.