According to reports from The Economic Times, The Hindu BusinessLine, and Rediff Moneynews, Bajaj Finance has allotted 5.74 crore warrants to its promoter, Bajaj Finserv, on a preferential basis for ₹5,800 crore. The special committee of the board approved the issue at an issue price of ₹1,010 per warrant, with each warrant convertible into an equivalent number of equity shares of the company. As per The Hindu BusinessLine, the allotment was executed on Tuesday in New Delhi, with the company maintaining compliance with SEBI ICDR Regulations for the structured payment terms.
The warrant subscription represents a strategic capital infusion that strengthens Bajaj Finserv's position in its subsidiary Bajaj Finance. As reported by The Hindu BusinessLine, this move underscores Bajaj Finserv's 51.30% stake in BFL and marks potential equity dilution as the warrants convert into equity shares. The preferential allotment was made on a private placement basis, ensuring the transaction maintains regulatory compliance while providing capital support to the parent company.
As reported by The Economic Times, The Hindu BusinessLine, and Rediff Moneynews, each warrant is convertible into an equivalent number of equity shares, which are pari-passu with the fully paid-up equity shares of the company. The consideration structure follows SEBI ICDR Regulations, with 25 percent payable at allotment and the remaining 75 percent payable at the time of allotment of equity shares pursuant to the exercise of options against the warrants. The regulatory filing confirms that the warrants are structured in accordance with Chapter V of the Securities and Exchange Board of India regulations.
