LIC subscribes to Bajaj Finance’s ₹5,000 crore NCDs
The Life Insurance Corporation of India (LIC) has invested ₹5,000 crore in Bajaj Finance by subscribing to non-convertible debentures. These instruments carry an 8.15% coupon rate and are set to mature in 2036.
Why it matters
This significant capital infusion reflects institutional confidence in major non-banking financial companies and provides Bajaj Finance with long-term liquidity for business operations.
The Life Insurance Corporation of India (LIC) has subscribed to ₹5,000 crore nonconvertible debentures (NCDs) of Bajaj Finance.
The report is a factual summary of a financial filing.
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