The company could raise ₹490 crore at the upper end of the issue price band of ₹792. The retail investors’ segment was subscribed 8.93 times.
It also lowered rates more on long-tenure deposits, perhaps indicating both the receivable time-lines of Bajaj Finance’s assets and stiffer competition for shorter-tenure commitments in
The Reserve Bank of India has proposed new guidelines capping regulated entities’ (RE) investments in Alternative Investment Funds (AIFs) at 15% of total lender investment.
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