Bajaj Housing Finance board to meet on Apr 24 to discuss mandatory listing requirement

The company said it is mandated to list on or before September 30, 2025, as per the regulatory framework.

Bajaj Finance informed the stock exchanges on April 6 that its subsidiary, Bajaj Housing Finance, notified the BSE on April 5 regarding the company's actions to fulfill mandatory regulatory requirements after being classified as a Non-Banking Financial Company (NBFC) - Upper Layer by the Reserve Bank of India (RBI).

In its communication to the BSE, Bajaj Housing Finance stated that its Board of Directors will convene on April 24 to consider strategies for complying with the mandatory listing requirement. The company noted that it will discuss various options, taking into consideration the prevailing market conditions.

The RBI's classification, as per a press release dated September 30, 2022, placed Bajaj Housing Finance in the category of NBFC - Upper Layer. Consequently, the company is obligated to adhere to listing regulations within the stipulated timeline.

The company said it is mandated to list on or before September 30, 2025, as per the regulatory framework.

Last month, Moneycontrol reported citing three people familiar with the matter, that Bajaj Housing Finance has commenced early discussions with multiple investment banks regarding a possible initial public offering (IPO) at a valuation of around $9 billion to $10 billion.