Bajaj Finance slips after firm says it would consider listing of Bajaj Housing Finance Limited in Board meeting

Bajaj Finance slipped by 0.43 per cent on BSE on Monday (April 8, 2024) after the company announced it would consider listing of subsidiary Bajaj Housing Finance Limited in its board meeting on April 24.

Under RBI rules, it is necessary for the company to get listed on the exchange before September 30, 2025.

In the first session after Bajaj Finance announced its decision, the stock of the company slipped by 0.43 per cent to the day's low of Rs 7,143.10 on Monday after closing at Rs 7,175.20 in the previous session.

The stock of the firm was trading flat at Rs 7,168.20 at 12:20 pm on Monday.

"In order for the Company to comply with the regulatory timelines stipulated under the regulations applicable to companies classified as NBFC - Upper Layer, the Board of Directors of the Company will undertake discussions with respect to the mandatory listing requirement, including considering various options based on the prevailing market conditions, at its meeting scheduled on April 24, 2024," said Bajaj Finance in a statement.