Bajaj Housing Finance Eyes $10 Billion IPO

  • Housing Giant Eyes Public Listing: Bajaj Housing Finance, a subsidiary of Bajaj Finserv, is reportedly considering an initial public offering (IPO).
  • Ambitious Valuation: The company is aiming for a valuation of around $10 billion, reflecting its strong position in the Indian housing finance market.
  • Regulatory Push: This move aligns with the Reserve Bank of India's (RBI) mandate for large non-banking financial institutions (NBFCs) to go public within a specific timeframe. Bajaj Housing Finance has until September 2025 to comply.
  • Solid Performance: The company boasts impressive financials, with a 31% year-on-year increase in assets under management and a 44% surge in disbursements as of December 2023.
  • Market Speculation: The potential IPO has already sparked a rise in Bajaj Finserv's share price, indicating investor interest in the upcoming offering.

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