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The allotment committee of the board of Bajaj Finance on Wednesday allotted 92.50 lakh shares of face value ₹2 each to the promoter Bajaj Finserv on conversion of warrants issued to them on preferential basis at ₹441.20 a warrant. The warrants and exercise price are as adjusted for sub-division of shares and issue of bonus shares in September 2016. The stock of Bajaj Finance edged down 0.9 per cent at ₹850.
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Sales decline 89.44% to Rs 10.13 crore
On 12 February 2016