Bajaj Finance's total income on a consolidated basis during the January-March period of 2023-24 rose to Rs 14,932 crore as against Rs 11,368 crore in the year-ago period
Last month, the non-bank finance major received board approval for raising up to Rs 10,000 crore through qualified institutional placement issue and convertible warrants. The company plans to raise up to Rs 8,800 crore through the QIP issue, and Rs 1,200 crore via convertible warrants issue to promoter Bajaj Finserv.
Incorporated in November 2005, Pennant provides business-driven technology services and software products for the banking and financial services industry.
Bajaj Finance Ltd on Tuesday said it will acquire 26 per cent stake in Pennant Technologies Pvt Ltd for about Rs 267.50 crore to be paid in cash.The company also said it closed the second quarter of FY24 with a net profit of Rs 3,105.75 crore. .
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