New Delhi:NBFC Bajaj Finance on Tuesday allotted 5.74 crore warrants to promoter Bajaj Finserv on a preferential basis for Rs 5,799 crore. A special committee of the board of directors of the company has approved the issue of 5,74,25,740 warrants to the promoter, at an issue price of Rs 1,010 per Warrant, for an amount aggregating to Rs 5,799.9 in accordance with Chapter V of the Securities and Exchange Board of India, Bajaj Finance said in a regulatory filing.

“Each of the warrants is convertible into an equivalent number of equity shares, which are pari-passu with the fully paid-up equity shares of the company,” it said.