Bajaj Finance share price rose 2 percent intraday to Rs on January 12 after thenon-banking finance company said its board will consider a fundraising plan at its meeting coming week. 

  A meeting of the board of directors of Bajaj Finance will be held on January 18, 2022, to consider the unaudited fiscal results for the quarter and nine months ended December 31, 2021. 

At the said meeting, the board will also consider raising of finances by debt issue/ issue ofnon-convertible debentures as a part of the proposed increase in the overall borrowing limit, pursuant to Section 180 (1) (c) of the Companies Act, 2013, subject to blessing of the shareholders.  

 At10.45 am, Bajaj Finance was quoting at Rs, up Rs195.65, or2.55 percent, on the BSE. 

The share touched a 52-week high of Rs on October 18, 2021 and a 52-week low of Rs on April 19, 2021. It’s trading1.94 percent below its 52-week high and80.32 percent above its 52-week low.