Bajaj Auto Credit Gets Board Approval for ₹8,750 Crore Debt Fundraising Plan

Bajaj Auto Credit Limited, a wholly-owned subsidiary of Bajaj Auto Limited, has received board approval to raise up to ₹8,750 crores through various debt instruments. The board of directors approved the fundraising plan during their meeting held on July 17, 2025.

The approved fundraising comprises three components: fresh issuance of Non-Convertible Debentures (NCDs) up to ₹5,000 crores, enhanced limit for Commercial Papers up to ₹3,000 crores, and Subordinated Debt (Tier-2) issuance limit up to ₹750 crores.

Bajaj Auto Limited informed the stock exchanges about this development through a regulatory filing on July 17, 2025. The company stated that it received the information from its subsidiary at around 6:45 p.m. IST on the same day.

The filing was submitted to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation requires listed companies to disclose material events and information that could impact investor decisions.

Bajaj Auto Credit Limited operates as the financial services arm of Bajaj Auto Limited, one of India's automotive manufacturers. The parent company, Bajaj Auto Limited, is listed on Indian stock exchanges with BSE code 532977 and NSE code BAJAJ-AUTO.

The fundraising authorization provides Bajaj Auto Credit with flexibility to access different debt markets based on market conditions and funding requirements. Non-convertible debentures are long-term debt instruments, while commercial papers represent short-term unsecured money market instruments. Subordinated debt qualifies as Tier-2 capital for regulatory purposes.