Bajaj Finance Ltd Announces Board Approval Of Right Issue Of Equity Shares; Commencement Of Business

Bajaj Finance Ltd announced that the Board of Directors at its meeting held on January 15, 2013 has approved the raising of funds through issue of 6,760,117 equity shares of INR10 each to eligible shareholders on a rights basis in the ratio of three rights equity shares for every 19 equity shares of the face value of INR10 each at a price of INR1,100 per share (inclusive of premium of INR1090 per share), aggregating to INR743.61 crore and also approved the commencement of business of distribution of mutual fund products.