India, March 21 -- Bajaj Finance's shares rose to a record high on March 21 after Rajeev Jain, the company's managing director got appointed as Vice Chairman.

At 11:15 am, Bajaj Finance shares were trading at Rs.8,893, which is a rise of 2.46 per cent or Rs.213.20. Its all-time high was Rs.9,070.

Jain would be overseeing Bajaj Finance in his new role, as well as supervise some of the newer initiatives of the group in healthcare and support transitions in the group's insurance companies, according to a Moneycontrol report.

The promoter of Bajaj Finance is Bajaj Finserv, which also holds around a 54 percent stake in the Rs.3.25 lakh crore lending company.

As a result of Jain's appointment, brokerages rushed to hike their target prices o...