Economic TimesLean R·
Bajaj Finance set to mop up Rs 17,500 crore via QIP, warrants
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.In a late-night notice to the stock exchanges on Thursday, Bajaj Finance said the company's board of directors…
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