Bajaj Finance Allots ₹1,115 Crore NCDs; Shares Rise 1.94% 

Mumbai August, 10: Bajaj Finance Ltd has allotted 1,11,500 secured, redeemable, non-convertible debentures (NCDs) with a face value of ₹1 lakh each, aggregating to ₹1,115 crore, through a private placement. 

According to the company’s exchange disclosure, the Debenture Allotment Committee approved the issuance on August 10, 2026. The NCDs carry a 7.78% annual coupon and have a tenure of 1,187 days. 

The securities are proposed to be listed on the Wholesale Debt Market segment of BSE Ltd. The date of allotment is August 10, 2026, while the maturity date has been set for November 9, 2029. 

The first coupon payment is scheduled for November 9, 2026, with subsequent coupon payments to be made annually. Principal and interest payments are scheduled for November 9 in the relevant years through maturity. 

The company said the debentures, along with repayment of principal, interest and other related amounts, will be secured by a first pari-passu charge over specified book debts and loan receivables. The security cover will be maintained at a minimum of 1.00 times the aggregate outstanding value of the debentures. 

Stock Market Snapshot 

The fund-raising disclosure came as Bajaj Finance shares traded firmly higher during Monday’s session. 

As of 2:44 PM IST on August 10, 2026, the Bajaj Finance share price stood at ₹1,098.90, up ₹20.90 or 1.94%, according to the market data shown alongside the exchange filing. 

The stock had started the session around ₹1,074 and moved higher through the day, gradually holding above the ₹1,080 level before extending gains in the afternoon. The stock was trading close to the day’s stronger levels by the latest timestamp. 

The NCD allotment itself is a financing transaction and does not represent an operating order or revenue-generating contract. For Bajaj Finance, however, such debt issuances form part of its broader funding programme and provide additional capital for its lending operations. 

Company Background 

Bajaj Finance is a diversified non-banking financial company with lending operations spanning consumer finance, commercial lending, SME finance and other credit products. 

The company regularly accesses debt markets through instruments such as non-convertible debentures to support its funding requirements. The latest ₹1,115 crore issue was completed through private placement and carries a fixed annual coupon of 7.78%. 

The securities are redeemable at maturity, with the company specifying November 9, 2029 as the maturity date in its disclosure. 

Conclusion 

The latest allotment gives Bajaj Finance ₹1,115 crore of additional debt funding through a secured NCD issue, with the securities carrying a 7.78% annual coupon and a maturity of nearly three years. 

The market response was positive on Monday, with Bajaj Finance shares up 1.94% at ₹1,098.90 as of 2:44 PM IST. The transaction is primarily a funding exercise, and its significance will be seen in the context of the company’s ongoing borrowing and lending requirements rather than as a standalone business win.  

Source: 

• https://www.nseindia.com/get-quote/equity/BAJFINANCE/Bajaj-Finance-Limited 
• https://nsearchives.nseindia.com/corporate/BAJFINANCE_10082026130608_Reg30_Intimation_of_allotment_of_NCD_291_T3.pdf