India's Bajaj Finance launches over $1 billion share sale to institutional investors
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓India's Bajaj Finance launched a share sale worth over $1 billion to institutional investors on Wednesday.
- ✓The company set the floor price at 992.25 rupees per share.
- ✓This fundraise helps the lender expand as credit demand grows.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Reuters
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Nov 11 (Reuters) - India's Bajaj Finance (BJFN.NS), opens new tab launched a more than $1 billion share sale to institutional investors on Wednesday, setting the floor price at 992.25 rupees apiece.
The non-bank lender in October approved, opens new tab raising up to 117 billion rupees ($1.25 billion) through a qualified institutional placement.
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The fundraise will help Bajaj Finance, one of the country's biggest non-bank lenders, expand amid strong credit demand in India.
Bajaj Finance's assets under management grew 26% year-on-year in the September quarter, the fastest pace since the March 2025 quarter.
A day earlier, the company approved the issuance of warrants worth up to 58 billion rupees to its holding company, Bajaj Finserv (BJFS.NS), opens new tab.
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