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This move marks the Bajaj Group's return to the public market after many years. The Board will meet on April 24 to address listing requirements.
On September 30, 2022, the RBI released a list of 16 NBFCs categorised as 'upper layer' under the regulator's scale-based rules for non-bank lenders. These entities are required to be listed within three years of identification
Non-banking financial companies, especially those in the upper layer, have increased their borrowings from banks.
Foreign institutional investors (FII) bought shares worth Rs 294.69 crore, while domestic institutional investors (DII) sold Rs 50.80 crore worth of stocks on September 14, provisional data from the National Stock Exchange (NSE) showed.
The list has LIC Housing Finance Limited on top, followed by Bajaj Finance Limited in second place, and Shriram Finance Limited (formerly Shriram Transport Finance Company Limited) in third, , nbfc, reserve bank of india, lic housing finance ltd, bajaj finance, shriram finance