Bajaj Finance : DISCLOSURE ON RELATED PARTY TRANSACTION FOR HALF YEAR ENDED 31 MARCH 2023

BAJAJ FINANCE LIMITED

Related Party Disclosure

																(₹ in crore)
									Additional disclosure of related party transactions - applicable only in case the related party transaction relates
	Details of the party (listed								to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These
						In case monies are due to	details need to be disclosed only once, during the reporting period when such transaction was undertaken.
	entity/ subsidiary)
	Details of the counterparty				either party as a result of
	entering into the			Value of the
					the transaction	In case any financial
	transaction					transaction	indebtedness is incurred to
				Value of the related party			Details of the loans, inter-corporate deposits, advances or investments
					during the			make or give loans, inter-
S.N.				Type of related party transaction	transaction as approved by the
			reporting			corporate deposits, advances
					audit committee
					period
								Nature of							Purpose for which
						(H2 FY23)
			Relationship of the					indebtness			Nature (loan/
												the funds will be
			counterparty with the				Opening	Closing	(loan/			advance/ inter-	Interest Rate	Tenure	Secured/
	Name	Name of the counterparty				Cost	Tenure	utilised by the
			listed entity				balance	balance	issuance			corporate deposit/	(%)	(Days)	unsecured	ultimate recipient of
			/subsidiary						of debt/			investment)				funds (end-usage)
									any other
1	Bajaj Finance Ltd.	Bajaj Finserv Ltd.	Parent	Contribution to equity	-	-	(63.56)	(63.56)
(317,816,130 shares of ₹ 2 each)
				Secured non-convertible debentures issued	-	-	(845.00)	(770.00)
				Secured non-convertible debentures redemption	Not applicable	75.00	-	-
				Interest paid on non-convertible debentures	At applicable rates on respective	5.33	-	-
				NCDs
				Asset purchases	At Written down value of assets	0.08	-	(0.09)
				Asset sales (transaction value ₹ 49,306)	At Written down value of assets		-	-
				Business support charges received	5.00	0.70	-	-
				Business support charges paid	72.00	21.68	-	-
				Amount paid under ESOP recharge arrangements	3.00	2.34	-	(2.52)
2	Bajaj Finance Ltd.	Bajaj Housing Finance Ltd.	Subsidiary	Investment in equity shares	Not applicable	-	7,528.00	7,528.00
				Amount received under ESOP recharge	Not applicable	26.17	-	-
				arrangements
				Asset purchases	Not applicable	0.46	-	(0.35)
				Asset sales	Not applicable	0.11	0.63	0.10
				Security deposit for leased premises	Not applicable	-	0.08	0.08
				Business support charges received	Not applicable	3.38	0.90	2.61
				Service asset income	Not applicable	5.88	-	-
				Business support charges paid	Not applicable	0.37	-	-
				Rent and maintenance expenses	Not applicable	0.10	-	-
				Servicing fee paid	Not applicable	31.41	-	-
				Sourcing commission paid	Not applicable	0.55	(0.11)	(0.02)
3	Bajaj Finance Ltd.	Bajaj Financial Securities	Subsidiary	Investment in equity shares	Not applicable	-	670.38	670.38
Ltd.
				Amount received under ESOP recharge	Not applicable	0.50	-	-
				arrangements
				Short term loan given	Not applicable	4,635.00	195.00	-				Loan	7.35% to 7.60%	up to 24	Unsecured	Business purpose
							months
				Short term loan repayment received	Not applicable	4,830.00	-	-
				Margin money given	Not applicable	5.00	5.00	-
				Margin money repayment received	Not applicable	10.00	-	-
				Interest received on short term loan given	Not applicable	2.62	0.44	-
				Asset sales (opening balance ₹ 34,877)	Not applicable	-		-
				Business support charges received	Not applicable	0.06	-	-
				Business support charges paid	Not applicable	0.80	-	-
				Depository service charges paid	Not applicable	0.48	-	(0.09)
4	Bajaj Finance Ltd.	Bajaj Allianz Life Insurance	Fellow Subsidiary	Contribution to equity	-	-	(0.05)	(0.05)
Company Ltd.	(247,000 shares of ₹ 2 each)
				Secured non-convertible debentures issued	-	-	(200.00)	(200.00)
				Unsecured non-convertible debentures issued	425.00	425.00	(1,840.70)	(2,265.00)
				Unsecured non-convertible debentures	Not applicable	0.70	-	-
				redemption
				Interest paid on non-convertible debentures	At applicable rates on respective	172.96	-	-
				NCDs
				Security deposit for leased premises	0.50	-	1.82	1.82
				Advance towards insurance	-	-	0.04	1.99
				Commission income	55.00	15.24	0.31	0.47
				Insurance expenses	160.00	48.96	-	-
				Rent and maintenance expenses	3.50	1.35	-	-

BAJAJ FINANCE LIMITED

Related Party Disclosure

																(₹ in crore)
									Additional disclosure of related party transactions - applicable only in case the related party transaction relates
	Details of the party (listed								to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These
						In case monies are due to	details need to be disclosed only once, during the reporting period when such transaction was undertaken.
	entity/ subsidiary)
	Details of the counterparty				either party as a result of
	entering into the			Value of the
					the transaction	In case any financial
	transaction					transaction	indebtedness is incurred to
				Value of the related party			Details of the loans, inter-corporate deposits, advances or investments
					during the			make or give loans, inter-
S.N.				Type of related party transaction	transaction as approved by the
			reporting			corporate deposits, advances
					audit committee
					period
								Nature of							Purpose for which
						(H2 FY23)
			Relationship of the					indebtness			Nature (loan/
												the funds will be
			counterparty with the				Opening	Closing	(loan/			advance/ inter-	Interest Rate	Tenure	Secured/
	Name	Name of the counterparty				Cost	Tenure	utilised by the
			listed entity				balance	balance	issuance			corporate deposit/	(%)	(Days)	unsecured	ultimate recipient of
			/subsidiary						of debt/			investment)				funds (end-usage)
									any other
5	Bajaj Finance Ltd.	Bajaj Allianz General	Fellow Subsidiary	Secured non-convertible debentures issued	-	-	(553.50)	(243.50)
Insurance Company Ltd.
				Unsecured non-convertible debentures issued	-	-	(40.00)	(40.00)
				Secured non-convertible debentures redemption	Not applicable	310.00	-	-
				Interest paid on non-convertible debentures	At applicable rates on respective	31.40	-	-
				NCDs
				Advance towards insurance	-	-	2.06	0.74
				Commission income	24.00	12.09	1.72	2.02
				Interest subsidy received	6.00	1.17	-	-
				Insurance expenses	90.00	2.72	-	-
6	Bajaj Finance Ltd.	Bajaj Finserv Direct Ltd.	Fellow Subsidiary	Investment in equity shares	-	-	2.69	2.69
				Deemed equity at cost	-	-	280.47	280.47
				Asset purchases	4.00	0.52	-	-
				Purchase of platform	85.00	35.36	(13.41)	(8.17)
				Asset sales	At Written down value of assets	0.01	-	-
				Business support charges received	10.00	3.23	-	-
				Business support charges paid	51.00	26.51	(0.33)	(0.43)
				Sourcing commission paid	127.00	76.15	(0.48)	(14.07)
				Platform usage charges	40.00	20.29	(4.35)	(4.42)
				Annual maintenance charges on loan	8.00	4.68	-	(0.79)
7	Bajaj Finance Ltd.	Bajaj Finserv Health Ltd.	Fellow Subsidiary	Asset sales (transaction value ₹ 10,829, opening	At Written down value of assets			-
balance ₹ 27,581)
				Commission income	90.00	47.98	-	10.11
				Interest subsidy received	4.00	0.25	-	-
				Product distribution fee	6.00	1.69	(0.44)	(0.39)
8	Bajaj Finance Ltd.	Bajaj Finserv Asset	Fellow Subsidiary	Business support charges received	1.00	0.01	-	-
Management Ltd.
9	Bajaj Finance Ltd.	Snapwork Technologies	Associate (w.e.f. 25 Nov	Investment in equity shares	28.49	28.49	-	28.49
		Pvt. Ltd.	2022)
				Investment in Compulsorily Convertible	64.25	64.25	-	64.25
				Preference Shares
				Information technology design and development	5.00	4.98	-	-
				charges
10	Bajaj Finance Ltd.	Sanjiv Bajaj	Chairman	Sitting fees	As approved by the Board	0.12	-	-
				Commission	As approved by the Board	0.58	-	(0.52)
11	Bajaj Finance Ltd.	Rajeev Jain	Managing Director	Short-term employee benefits	As approved by the Board	9.64	-	-
				Share-based payment:
				Fair value of stock options granted	Not applicable	14.21	-	-
12	Bajaj Finance Ltd.	Madhur Bajaj	Director	Commission	As approved by the Board	0.05	-	(0.05)
(till 31 Jul 2022)
13	Bajaj Finance Ltd.	Rajiv Bajaj	Director	Sitting fees	As approved by the Board	0.03	-	-
				Commission	As approved by the Board	0.15	-	(0.14)
14	Bajaj Finance Ltd.	Ranjan Sanghi	Director (till 30 Apr	Commission	As approved by the Board	0.05	-	(0.05)
2022)

BAJAJ FINANCE LIMITED

Related Party Disclosure

(₹ in crore)

Additional disclosure of related party transactions - applicable only in case the related party transaction relates

Details of the party (listed

to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These

In case monies are due to

details need to be disclosed only once, during the reporting period when such transaction was undertaken.

entity/ subsidiary)

Details of the counterparty

either party as a result of

entering into the

Value of the

the transaction

In case any financial

transaction

transaction

indebtedness is incurred to

Value of the related party

Details of the loans, inter-corporate deposits, advances or investments

during the

make or give loans, inter-

S.N.

Type of related party transaction

transaction as approved by the

reporting

corporate deposits, advances

audit committee

period

Nature of

Purpose for which

(H2 FY23)

Relationship of the

indebtness

Nature (loan/

the funds will be

counterparty with the

Opening

Closing

(loan/

advance/ inter-

Interest Rate

Tenure

Secured/

Name

Name of the counterparty

Cost

Tenure

utilised by the

listed entity

balance

balance

issuance

corporate deposit/

(%)

(Days)

unsecured

ultimate recipient of

/subsidiary

of debt/

investment)

funds (end-usage)

any other

15

Bajaj Finance Ltd.

D J Balaji Rao

Director

Sitting fees

As approved by the Board

0.04

-

-

Commission

As approved by the Board

0.18

-

(0.16)

16

Bajaj Finance Ltd.

Anami N Roy

Director

Sitting fees

As approved by the Board

0.09

-

-

Commission

As approved by the Board

0.45

-

(0.41)

17

Bajaj Finance Ltd.

Dr. Naushad Forbes

Director

Sitting fees

As approved by the Board

0.08

-

-

Commission

As approved by the Board

0.38

-

(0.34)

18

Bajaj Finance Ltd.

Pramit Jhaveri

Director

Sitting fees

As approved by the Board

0.09

-

-

Commission

As approved by the Board

0.43

-

(0.38)

19

Bajaj Finance Ltd.

Radhika Haribhakti

Director (w.e.f. 1 May

Sitting fees

As approved by the Board

0.05

-

-

2022)

Commission

As approved by the Board

0.20

-

(0.18)

20

Bajaj Finance Ltd.

Sandeep Jain

Chief Financial Officer

Short-term employee benefits

As approved by the Board

3.17

-

-

Share-based payment:

Fair value of stock options granted

Not applicable

1.68

-

-

21

Bajaj Finance Ltd.

Vijay R

Company Secretary

Short-term employee benefits

As approved by the Board

1.18

-

(0.63)

Share-based payment:

Fair value of stock options granted

Not applicable

0.30

-

-

Daughter of Sanjiv

22

Bajaj Finance Ltd.

Sanjali Bajaj

Bajaj, Chairman of the

Short-term employee benefits

As per the terms of employment

0.07

-

-

Company

23

Bajaj Finance Ltd.

Manish Kejriwal

Director of Parent

Secured non-convertible debentures issued

-

-

(15.00)

-

Secured non-convertible debentures redemption

Not applicable

15.00

-

-

Interest paid on non-convertible debentures

At applicable rates on respective

1.07

-

-

NCDs

24

Bajaj Finance Ltd.

Uma Shende

Company Secretary of

Loan given

5.00

-

0.04

0.03

Loan

12.25%

60

Unsecured

Personal use

Parent

months

Loan repayment received

Not applicable

0.01

-

-

Interest Income

As per the terms of loan sanctioned

-

-

(transaction value ₹ 20,713)

Chief Financial Officer

25

Bajaj Finance Ltd.

Gaurav Kalani

of Bajaj Housing

Share-based payment:

Finance Ltd.

Equity shares issued pursuant to stock option

Amount based on exercise of stock

0.16

-

-

scheme

options vested

Chief Executive Officer

26

Bajaj Finance Ltd.

Manish Jain

of Bajaj Financial

Short-term employee benefits

As approved by the Board

2.95

-

(0.50)

Securities Ltd.

Share-based payment:

Fair value of stock options granted

Not applicable

1.55

-

-

BAJAJ FINANCE LIMITED

Related Party Disclosure

(₹ in crore)

Additional disclosure of related party transactions - applicable only in case the related party transaction relates

Details of the party (listed

to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These

In case monies are due to

details need to be disclosed only once, during the reporting period when such transaction was undertaken.

entity/ subsidiary)

Details of the counterparty

either party as a result of

entering into the

Value of the

the transaction

In case any financial

transaction

transaction

indebtedness is incurred to

Value of the related party

Details of the loans, inter-corporate deposits, advances or investments

during the

make or give loans, inter-

S.N.

Type of related party transaction

transaction as approved by the

reporting

corporate deposits, advances

audit committee

period

Nature of

Purpose for which

(H2 FY23)

Relationship of the

indebtness

Nature (loan/

the funds will be

counterparty with the

Opening

Closing

(loan/

advance/ inter-

Interest Rate

Tenure

Secured/

Name

Name of the counterparty

Cost

Tenure

utilised by the

listed entity

balance

balance

issuance

corporate deposit/

(%)

(Days)

unsecured

ultimate recipient of

/subsidiary

of debt/

investment)

funds (end-usage)

any other

27

Bajaj Finance Ltd.

Babu Rao Priya

Director of Bajaj

Short-term employee benefits

As per the terms of employment

2.52

-

-

Financial Securities Ltd.

Share-based payment:

Equity shares issued pursuant to stock option

Amount based on exercise of stock

1.99

-

-

scheme

options vested

Fair value of stock options granted

Not applicable

0.74

-

-

28

Bajaj Finance Ltd.

Ajita Kakade

Director of Bajaj

Share-based payment:

Financial Securities Ltd.

Equity shares issued pursuant to stock option

Amount based on exercise of stock

3.00

-

-

scheme

options vested

Chief Financial Officer

29

Bajaj Finance Ltd.

Bhalchandra Deodhar

of Bajaj Financial

Short-term employee benefits

As per the terms of employment

0.59

-

(0.26)

Securities Ltd.

Share-based payment:

Fair value of stock options granted

Not applicable

0.14

-

-

Company Secretary of

30

Bajaj Finance Ltd.

Ravikumar Dugar

Bajaj Financial

Short-term employee benefits

As per the terms of employment

0.15

-

-

Securities Ltd.

Entity in which Key

31

Bajaj Finance Ltd.

Bajaj Auto Ltd.

Management Personnel

Investment in equity shares

-

-

and their relatives have

(opening balance ₹ 7,685, closing balance ₹ 7,685)

significant influence

Secured non-convertible debentures issued

-

-

(500.00)

(500.00)

Inter-Corporate deposit accepted

500.00

500.00

-

(500.00)

Interest accrued on Inter-Corporate deposits

At applicable rates on respective

9.52

-

(8.57)

deposits

Security deposit for leased premises

-

-

0.21

0.21

Business support charges received

2.00

0.12

-

-

Interest subsidy received

38.00

0.39

-

0.46

Bad debts sharing received

10.00

7.19

-

8.48

Business support charges paid

50.00

14.70

(0.98)

(1.39)

Rent and maintenance expenses

2.00

0.75

-

-

Entity in which Key

Investment in equity shares

Bajaj Holdings &

Management Personnel

32

Bajaj Finance Ltd.

(opening balance ₹ 19,646, closing balance ₹

-

-

Investments Ltd.

and their relatives have

19,646)

significant influence

Business support charges received

2.00

0.38

-

-

Business support charges paid

39.00

9.68

-

-

Entity in which Key

33

Bajaj Finance Ltd.

Hind Musafir Agency Ltd.

Management Personnel

Services received

40.00

15.93

-

-

and their relatives have

significant influence

Advance given

Not applicable

-

1.77

0.01

Entity in which Key

34

Bajaj Finance Ltd.

Bajaj Electricals Ltd.

Management Personnel

Inter-Corporate deposit accepted

100.00

70.00

-

(70.00)

and their relatives have

significant influence

Interest accrued on Inter-Corporate deposits

At applicable rates on respective

0.54

-

(0.48)

deposits

Interest subsidy received (opening balance ₹

4.00

0.06

0.07

45,655)

Assets Purchases (outstanding value ₹ 17,400)

1.00

0.16

-

BAJAJ FINANCE LIMITED

Related Party Disclosure

(₹ in crore)

Additional disclosure of related party transactions - applicable only in case the related party transaction relates

Details of the party (listed

to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These

In case monies are due to

details need to be disclosed only once, during the reporting period when such transaction was undertaken.

entity/ subsidiary)

Details of the counterparty

either party as a result of

entering into the

Value of the

the transaction

In case any financial

transaction

transaction

indebtedness is incurred to

Value of the related party

Details of the loans, inter-corporate deposits, advances or investments

during the

make or give loans, inter-

S.N.

Type of related party transaction

transaction as approved by the

reporting

corporate deposits, advances

audit committee

period

Nature of

Purpose for which

(H2 FY23)

Relationship of the

indebtness

Nature (loan/

the funds will be

counterparty with the

Opening

Closing

(loan/

advance/ inter-

Interest Rate

Tenure

Secured/

Name

Name of the counterparty

Cost

Tenure

utilised by the

listed entity

balance

balance

issuance

corporate deposit/

(%)

(Days)

unsecured

ultimate recipient of

/subsidiary

of debt/

investment)

funds (end-usage)

any other

Entity in which Key

35

Bajaj Finance Ltd.

Jamnalal Sons Pvt. Ltd.

Management Personnel

Contribution to equity

-

-

(0.03)

(0.03)

and their relatives have

(127,640 shares of ₹ 2 each)

significant influence

Security deposit for leased premises

0.10

-

0.13

0.13

Rent and maintenance expenses

0.90

0.15

-

-

Entity in which Key

36

Bajaj Finance Ltd.

Maharashtra Scooters Ltd.

Management Personnel

Contribution to equity

-

-

(3.79)

(3.79)

and their relatives have

(18,974,660 shares of ₹ 2 each)

significant influence

Secured non-convertible debentures issued

-

-

(155.00)

(125.00)

Secured non-convertible debentures redemption

Not applicable

30.00

-

-

Interest paid on non-convertible debentures

At applicable rates on respective

3.66

-

-

NCDs

Business support charges received

0.50

0.06

0.04

-

Entity in which Key

37

Bajaj Finance Ltd.

Hercules Hoists Ltd.

Management Personnel

Fixed deposit accepted

100.00

-

(6.50)

-

and their relatives have

significant influence

Fixed deposit repaid

Not Applicable

6.50

-

-

Interest accrued on fixed deposit

At applicable rates on respective

0.21

(1.37)

-

deposits

Entity in which Key

38

Bajaj Finance Ltd.

Bachhraj Factories Pvt. Ltd.

Management Personnel

Contribution to equity

-

-

(0.01)

(0.01)

and their relatives have

(72,000 shares of ₹ 2 each)

significant influence

Entity in which Key

39

Bajaj Finance Ltd.

Baroda Industries Pvt. Ltd.

Management Personnel

Contribution to equity

-

-

(0.02)

(0.02)

and their relatives have

(117,600 shares of ₹ 2 each)

significant influence

Entity in which Key

40

Bajaj Finance Ltd.

Bajaj Sevashram Pvt. Ltd.

Management Personnel

Contribution to equity

-

-

-

(0.06)

and their relatives have

(308,500 shares of ₹ 2 each)

significant influence

Entity in which Key

41

Bajaj Finance Ltd.

Pratham Education Foundati

Management Personnel

Corporate Social Responsibility expenses

1.33

0.30

-

-

and their relatives have

significant influence

42

Bajaj Finance Ltd.

Bajaj Auto Ltd. Provident

Post employment

Unsecured non-convertible debentures issued

-

-

(39.00)

(36.00)

Fund

benefit plans

Unsecured non-convertible debentures

Not applicable

3.00

-

-

redemption

Interest paid on non-convertible debentures

At applicable rates on respective

1.19

-

-

NCDs

43

Bajaj Finance Ltd.

Bajaj Auto Employees

Post employment

Superannuation contribution

Actual amount of contribution

0.40

-

-

Superannuation Fund

benefit plans

44

Bajaj Finance Ltd.

Bajaj Auto Employees

Post employment

Gratuity contribution

Actual amount of contribution

11.19

-

-

Group Gratuity Fund

benefit plans

45

Bajaj Finance Ltd.

Bajaj Auto Senior Staff

Post employment

Gratuity contribution

Actual amount of contribution

20.50

-

-

Group Gratuity Fund

benefit plans