Bajaj Finance issues 5.74 crore warrants to promoter for Rs 5,799 crore

Bajaj Finance has issued 5.74 crore warrants to its promoter, Bajaj Finserv, for Rs 5,799 crore, with each warrant convertible into an equivalent number of equity shares.

The special committee of the board approved the issue at an issue price of Rs 1,010 per warrant, with a minimum of 25 percent of the consideration payable at allotment.