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Outcome of Board Meeting

| Updated on June 09, 2011 Published on June 09, 2011

Bajaj Finance Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 09, 2011, decided, subject to the approval of the Shareholders at Annual General Meeting to be held on July 13, 2011, to raise additional capital, in terms of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 by:

1. Issue of upto 75,00,000 Equity Shares under Qualified Institutions Placement to Qualified Institutional Buyers, and

2. Issue of upto 75,00,000 Warrants on a preferential basis to the Promoter, Bajaj Finserv Limited entitling the warrant-holder to apply for equivalent number of fully paid equity shares of the Company.

Source : BSE - >www.bseindia.com

Published on June 09, 2011
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