Fundraise / allotmentFiled on BSE ·

Bajaj Finance Limited approves QIP and preferential issue totaling ₹17,500 crore

Bajaj Finance Ltd · Finance

What the filing says

  • Board approved raising up to ₹11,700 crore via Qualified Institutions Placement (QIP) issuing equity shares of Re. 1 face value
  • Approved preferential issue of warrants convertible into equity shares for up to ₹5,800 crore to promoter Bajaj Finserv Limited
  • Shareholder approval for QIP and preferential issue to be sought via an Extraordinary General Meeting

Original filing

Board Meeting Outcome for Capital Raise Through QIP And Preferential Issue

Read the filing on BSE (PDF) →

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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.