The Bajaj Housing Finance Board will examine the listing at its meeting on April 24

Published : 8 April 2024
Updated : 24 May 2024
The Bajaj Housing Finance Board will examine the listing at its meeting on April 24

On April 24, 2024 the board of Bajaj Housing Finance will convene to discuss requirements for its legally binding listing requirement. According to the corporation, it will talk about different solutions while keeping the state of the industry in mind.

Exchanges were informed on Saturday by Bajaj Finance's subsidiary Bajaj Housing Finance about its efforts to meet the relevant rules following the Reserve Bank of India's (RBI) classification of the business as an NBFC-Upper Layer.

The application comes after news reports that the housing finance company has started talking to several investment banks about doing an initial public offering (IPO).

In September 2022, Bajaj Housing Finance was added to the RBI's list of top-tier nonbank financial companies (NBFCs). The home finance company was also included for 2023.

Even if an NBFC does not match the parametric criteria in the following years, once it is categorized as NBFC-UL, it is subject to increased regulatory requirements, at least for five years from its categorization in the layer.

Bajaj Housing Finance must be required to be listed on exchanges under RBI standards for NBFC-UL by September 30, 2025, at the latest. A fully owned subsidiary of Bajaj Finance is Bajaj Housing Finance. As of December 31, the assets under management were valued at RS 85,929 crore.