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Bajaj Finance has allotted over 92 lakh shares to its promoter Bajaj Finserv for Rs 408.11 crore upon conversion of warrants issued to them on preference basis.
Bajaj Finance has said in a regulatory filing that the Allotment Committee of the Board of Directors has, at its meeting allotted 92,50,000 equity shares to the promoter, Bajaj Finserv on conversion of warrants issued to them on preferential basis at a price of Rs 441.20 per warrant.
It further said that these number of warrants and exercise price thereof are as adjusted for sub-division of shares and issue of bonus shares in September 2016.
