16% up in a month! Bajaj Finance shares climb 3.4% on ₹11,700 crore QIP launch
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Bajaj Finance shares climbed 3.48% on Thursday after the company launched a ₹11,700 crore qualified institutional placement.
- ✓The stock got a boost from strong buying interest, gaining 16% over the past month.
- ✓The firm plans to use these funds to repay loans and cover general corporate needs for the business.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Livemint
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Bajaj Finance shares surged as much as 3.48% in Thursday's trading session, after the non-banking financial company (NBFC) launched its ₹11,700 crore qualified institutional placement (QIP). The stock has witnessed strong buying interest, gaining around 16% over the past month.
Bajaj Finance share price opened at ₹1,078 apiece on NSE today and touched an intraday high of ₹1,118 on November 12.
Bajaj Finance QIP details
Bajaj Finance launched its ₹11,700 crore QIP on November 11 to raise capital from eligible institutional investors. The company has set the floor price at ₹992.25 per equity share, in accordance with the pricing formula prescribed under the Securities and Exchange Board of India (SEBI) regulations.
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