Bajaj Finance plans ₹17,500 cr capital raise via QIP
after close1 source ↓written by the desknot a recommendation
- Finance will raise
- ₹17,500 crore
- via QIP
- ₹11,700 crore
- through warrants
- ₹5,800 crore
Bajaj Finance will raise ₹17,500 crore through a qualified institutional placement (QIP) and warrants to promoters. The board approved ₹11,700 crore via QIP and ₹5,800 crore through warrants to Bajaj Finserv. This marks the first equity raise since November 2023, bolstering investor confidence and supporting growth plans.
Not investment advice. For informational purposes only.