The company’s net interest income (NII) increased 20% year-on-year to ₹14,528 crore from ₹12,083 crore in the year-ago quarter.
Bajaj Finserv’s board has approved pursuing the re-insurance business, subject to obtaining necessary regulatory approvals.
In a separate regulatory filing, the company said its board approved the issue of 15,11,358 equity shares to Bajaj Finserv ESOP Trust under its Employee Stock Option Scheme.
The shares, having a face value of ₹1 each, will be issued at respective grant prices to facilitate employee stock option exercises.
The total issue size of these shares will aggregate to around ₹196.08 crore at the respective grant prices. The new shares will rank pari passu with existing equity shares.
Following the earnings announcement, shares of Bajaj Finserv gained 5.03% on the BSE, trading at ₹2,005.10, up ₹96.05 from the previous close.This is a developing copy
