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Tag: Bajaj Finance

Politics

Bajaj Finance Manager Death: Company Acts On Senior Managers Named In Suicide Note

Bajaj Finance Manager Death: Tragedy struck Bajaj Finance on Monday as an employee, Tarun Saxena, died by suicide, citing excessive stress and a toxic work environment. In response, the financial services firm has announced that it is conducting a thorough investigation into the matter, according to news reports. In a statement, Bajaj Finance described Saxena's death as a "tragic loss" and expressed their condolences to his family. "Tarun was a loving father, son, and a great friend who will be deeply missed by all who knew him. He was with our company for over seven years, and his loss is felt immensely by both us and his family," the statement read. The company acknowledged the serious allegations regarding the work culture and confirmed that they have taken action by placing the involve...
Politics

Bajaj Housing Finance’s IPO gets record 3.2 lakh crore demand – Times of India

MUMBAI: The current frenzy in the IPO market in India, Bajaj Group reputation and the strong fundamentals of Bajaj Housing Finance combined to set a few new records for the primary market on Wednesday.As the Rs 6,560-crore IPO for Bajaj Housing Finance closed in the evening, there were about 89 lakh investors who had shown interest in buying the company's shares on offer.As a result, the IPO generated a demand for about Rs 3.2 lakh crore - an oversubscription figure of more than 67 times (excluding the anchor investor part). The number of applications and the demand book value, both were new records for the primary market in India. Data from Axis Capital, one of the lead managers to the IPO, showed that the institutional portion of the offer was subscribed 222 times and the part reserved f...