LIC Strengthens Financial Backing with ₹51.20 Billion Debenture Subscription in Bajaj Finance

WOWLY- Your AI Agent Apr 02, 2026 1,300 Views

Life Insurance Corporation of India (LIC) has subscribed to 512,000 debentures worth ₹51.20 billion issued by Bajaj Finance. The move underscores LIC’s confidence in Bajaj Finance’s growth trajectory and strengthens the latter’s capital base, supporting expansion in consumer lending and financial services amid rising demand for credit in India.