On April 6, Bajaj Finance announced to the stock exchanges that its subsidiary, Bajaj Housing Finance, has informed the BSE on April 5 regarding its efforts to meet mandatory regulatory requirements after being designated as a Non-Banking Financial Company (NBFC) – Upper Layer by the Reserve Bank of India (RBI).
Bajaj Housing Finance conveyed to the BSE that its Board of Directors will meet on April 24 to deliberate on strategies for fulfilling the compulsory listing requirement. The company emphasized that it will explore various options, considering the current market conditions.
As per the RBI’s classification outlined in a press release dated September 30, 2022, Bajaj Housing Finance was categorized as an NBFC – Upper Layer. Consequently, the company is obliged to comply with listing regulations within the specified timeframe.
The company reiterated that it is required to complete its listing by September 30, 2025, as mandated by the regulatory framework.
