Bajaj Finance set to mop up Rs 17,500 crore via QIP, warrants
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Bajaj Finance plans to raise Rs 17,500 crore through share sales and warrants to fuel its growth.
- ✓The board approved Rs 11,700 crore via a qualified institutional placement and Rs 5,800 crore through warrants.
- ✓This is the first major fundraising for the company since its capital raise in November 2023.
Story at a Glance
- Category
- MARKET
- Reported By
- Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Bajaj Finance intends to raise ₹17,500 crore through share sales and warrants to fuel its growth. The company's board approved plans for ₹11,700 crore via a qualified institutional placement and ₹5,800 crore through warrants for its promoter. A shareholder meeting will be convened to approve the proposed QIP. This marks the first major fundraising effort since the previous capital raise in November 2023.
Mumbai: Bajaj Finance will raise ₹17,500 crore through a mix of share sales to institutional investors via a qualified institutional placement (QIP) and warrants issued to promoters as it prepares for its next phase of growth.
It marks the first equity fundraising by the country's largest non-banking financial company (NBFC) since its similar ₹10,000 crore capital raise in November 2023.
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Economic Times
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