Mumbai, January 27, 2026 – Life Insurance Corporation of India (LIC) has made a significant debt investment in Bajaj Finance Limited, subscribing to a substantial number of debentures issued by the non-banking finance company (NBFC).
Key Details of the Investment:
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Instrument: Non-Convertible Debentures (NCDs) of Bajaj Finance Limited.
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Number of Debentures: 5,12,000 units
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Face Value: Rs. 1,00,000 per debenture
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Total Investment Value: Rs. 5,120 crore (Rupees Five Thousand One Hundred Twenty Crore)
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Date of Acquisition: January 27, 2026 (occurred at 12:30 PM)
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Mode of Payment: Bank / RTGS Payment
Regulatory Disclosure:
The investment was intimated to the BSE Limited (Scrip Code: 543526) and the National Stock Exchange of India Ltd. (Scrip Code: LICI) in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
LIC clarified that this acquisition does not constitute a related party transaction and is conducted on an arm's length basis.
Purpose & Background:
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Object of Issue: Bajaj Finance will utilize the funds raised through this NCD issuance for its general business purposes.
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Target Entity: Bajaj Finance Limited is a deposit-taking NBFC registered with the RBI and a subsidiary of Bajaj Finserv Ltd.
This substantial investment underscores LIC's ongoing deployment of policyholder funds into high-rated debt instruments from leading Indian financial institutions, contributing to its investment portfolio while supporting corporate credit needs.