Money & Banking

Bajaj Finance shares hit new high on proposal for rights issue

R. Y. Narayanan Coimbatore | Updated on January 10, 2013

Shares of Bajaj Finance Ltd (BFL) raced to a fresh 52-week high after the company announced that its board of directors would at its meeting on January 15  consider a proposal for a rights issue.

In a statement to the stock exchanges, BFL said its board would also consider the size of the proposed issue, ratio, issue price and the record date.

The share touched a new yearly high of Rs 1,432 on the BSE today but has retraced to Rs 1,394.80, a gain of Rs 19.85 by about 1.15 pm.

Published on January 10, 2013

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