Latest news with #BajajFinserv
Bloomberg
3 hours ago
- Business
- Bloomberg
Bajaj Finserv Founders Seek $679 Million From Share Sale
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Bajaj Holdings and Investment Ltd. and Jamnalal Sons Pvt., part of the founder group of Bajaj Finserv Ltd., plan to raise as much as $679 million collectively via a sale of shares in the financial unit of one of India's oldest conglomerates, according to terms of the deal seen by Bloomberg News.
Fashion Value Chain
3 hours ago
- Business
- Fashion Value Chain
Key Things to Know Before Applying for a Gold Loan in India with Bajaj Finance
Applying for a gold loan in India has become one of the fastest and most convenient ways to access funds. Many people turn to gold loans for quick financial support without having to sell their precious gold jewellery. Bajaj Finance offers a reliable and secure option through its trusted service – Bajaj Finserv Gold Loan. The process is simple, documents are minimal, and the interest rates are competitive. Bajaj Finserv Gold Loan Before applying, it is important to understand how gold loans work, what documents are required for gold loan, and how Bajaj Finance makes the process quick and transparent for customers. Understanding how gold loans work A gold loan in India is a type of secured loan where gold jewellery is pledged as collateral. Bajaj Finance offers a loan amount, starting from Rs.5,000 to Rs.2 crore, based on the purity and weight of the gold pledged. The purity of the gold, the set LTV ratio and the prevailing gold price determines how much one can borrow. Once the gold is deposited at the branch and its purity is tested, the gold loan in India is approved quickly, and funds are disbursed often on the same day, directly to the borrower's bank account. The gold remains safe with a complementary insurance of gold that keeps the jewellery covered against theft and misplacement. Bajaj Finance stores it in a secure vault until the loan is fully repaid. Who can apply for a gold loan Applying for a gold loan in India with Bajaj Finance is easy and inclusive. Here are the eligibility conditions The applicant should be an Indian citizen The age of the applicant should be between 21 and 70 years The applicant must have 18-22 karat gold jewellery to pledge There is no requirement for income proof, making it accessible for homemakers, farmers, and self-employed individuals as well. Documents required for gold loan Bajaj Finance has kept the paperwork simple. Borrowers just need any one of the following KYC documents Aadhaar card Voter ID Passport Driving licence NREGA job card Letter from the National Population Registration There is no need for salary slips, income tax returns, or property papers. This ease of paperwork helps customers complete the process faster. Though it is important to note that for loans over Rs.5 lakh, submission of PAN Card details may be required. Know the interest and repayment options The interest rate plays a major role in any loan. Bajaj Finserv Gold Loan offers competitive interest rates, depending on the loan amount and repayment plan chosen by the customer. Bajaj Finance offers multiple repayment options, including Borrowers can choose to pay interest monthly, bi-monthly, quarterly, half-yearly, or annually. They can select a payment schedule that suits their convenience. The principal loan amount is payable at the end of the loan tenure. Any remaining interest, if not paid earlier, will also be due at the time of loan maturity. The loan tenure can range from 1 day to 12 months, giving customers the freedom to choose what works best for them. Conclusion A gold loan in India is a practical way to raise quick funds without selling precious assets. With minimal paperwork, quick approval, and convenient repayment options, Bajaj Finserv Gold Loan offers a seamless experience for customers from all walks of life. By understanding the documents required for gold loan and how the process works, one can apply with full confidence. Bajaj Finance continues to make gold loans accessible, safe, and quick for everyone across India. T&C Apply. About Bajaj Finance Limited Bajaj Finance Ltd. ('BFL', 'Bajaj Finance', or 'the Company'), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and on a consolidated basis, it has a franchise of 80.41 million customers. Bajaj Finance has a credit rating of AAA/Stable for its Fixed Deposit program from CRISIL and ICRA, AAA/Stable for long-term borrowing from CRISIL, India Ratings, CARE and ICRA, and A1+ for short-term borrowing from CRISIL, India Ratings and ICRA. It has a long-term issuer credit rating of BBB-/Stable and a short-term rating of A-3 by S&P Global ratings. To know more, visit
Economic Times
4 hours ago
- Business
- Economic Times
Bajaj Finserv shares in focus as promoters plan Rs 4,750 crore worth stake sale via block deal
Live Events Bajaj Finserv share price history (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Bajaj Finserv are expected to be in focus on Friday, June 6, following news that its promoter entities, Bajaj Holdings & Investment Ltd and Jamnalal Sons Private Ltd, are set to likely offload a 1.6% stake in the company through a block deal valued at Rs 4,750 crore ($554 million).According to reports, the promoters are also exploring an option to upsize the transaction by an additional Rs 1,078 crore ($126 million), which would involve the sale of another 5.7 million shares, or 0.36% shareholding. If exercised, the total deal size could swell proposed block deal will see approximately 25.3 million shares changing hands at an indicative floor price of Rs 1,880 per share, as per sources. Kotak Securities is likely to be the broker facilitating the of March 31, 2025, Bajaj Holdings held a 39.03% stake in Bajaj Finserv, while Jamnalal Sons owned 9.70%. The stake sale comes despite the company reporting strong financial Q4FY25, Bajaj Finserv posted a 14% year-on-year rise in net profit to Rs 2,417 crore, compared to Rs 2,119 crore in the same period last year. Revenue for the March-ended quarter also climbed 14% to Rs 36,595 crore from Rs 32,041 of the block deal, Bajaj Finserv shares ended Thursday's session at Rs 1,943.50, down Rs 12.25 or 0.63% on the the past year, Bajaj Finserv shares have gained 28.01%, while the year-to-date (YTD) return stands at 23.26%. In the last six months, the stock has risen 18.22%, and over the past three months, it has delivered a 7.85% return. However, in the most recent one-month period, the stock witnessed a decline of 4.04%.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
4 hours ago
- Business
- Time of India
Bajaj Finserv Share Price Live Updates: Bajaj Finserv's six-month beta analysis
06 Jun 2025 | 08:46:20 AM IST Stay informed with the Bajaj Finserv Stock Liveblog, your comprehensive resource for real-time updates and in-depth analysis of a leading stock. Get the latest details on Bajaj Finserv, including: Last traded price 1944.0, Market capitalization: 310391.11, Volume: 1808602, Price-to-earnings ratio 34.98, Earnings per share 55.57. Our liveblog combines fundamental and technical insights to provide a holistic view of Bajaj Finserv's performance. Stay ahead of the market with breaking news that can influence Bajaj Finserv's trajectory. Our expert analysis and stock recommendations empower you to make well-informed financial decisions. Trust the Bajaj Finserv Stock Liveblog for up-to-date information and expert insights. The data points are updated as on 08:46:20 AM IST, 06 Jun 2025 Show more
Time of India
4 hours ago
- Business
- Time of India
Bajaj Finserv shares in focus as promoters plan Rs 4,750 crore worth stake sale via block deal
Shares of Bajaj Finserv are expected to be in focus on Friday, June 6, following news that its promoter entities, Bajaj Holdings & Investment Ltd and Jamnalal Sons Private Ltd, are set to likely offload a 1.6% stake in the company through a block deal valued at Rs 4,750 crore ($554 million). According to reports, the promoters are also exploring an option to upsize the transaction by an additional Rs 1,078 crore ($126 million), which would involve the sale of another 5.7 million shares, or 0.36% shareholding. If exercised, the total deal size could swell significantly. The proposed block deal will see approximately 25.3 million shares changing hands at an indicative floor price of Rs 1,880 per share, as per sources. Kotak Securities is likely to be the broker facilitating the transaction. As of March 31, 2025, Bajaj Holdings held a 39.03% stake in Bajaj Finserv, while Jamnalal Sons owned 9.70%. The stake sale comes despite the company reporting strong financial performance. In Q4FY25, Bajaj Finserv posted a 14% year-on-year rise in net profit to Rs 2,417 crore, compared to Rs 2,119 crore in the same period last year. Revenue for the March-ended quarter also climbed 14% to Rs 36,595 crore from Rs 32,041 crore. Ahead of the block deal, Bajaj Finserv shares ended Thursday's session at Rs 1,943.50, down Rs 12.25 or 0.63% on the BSE. Also read: Positive Breakout: These 5 stocks cross above their 200 DMAs Bajaj Finserv share price history Over the past year, Bajaj Finserv shares have gained 28.01%, while the year-to-date (YTD) return stands at 23.26%. In the last six months, the stock has risen 18.22%, and over the past three months, it has delivered a 7.85% return. However, in the most recent one-month period, the stock witnessed a decline of 4.04%. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
