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Funding and debt● Neutral for Bajaj Finance
Bajaj Finance plans ₹17,500 crore raise, with parent Bajaj Finserv in for ₹5,800 crore
The brief
- Bajaj Finance approved a ₹5,800 crore warrant issue to parent Bajaj Finserv
- A ₹11,700 crore QIP and warrant issue could raise up to ₹17,500 crore
- The raise adds capital for Bajaj Finance but may dilute existing shareholders; Bajaj Finserv is participating
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- Bajaj Finserv Share Price Live Updates: Bajaj Finserv Current Market Status
- Swiss Re sees India commercial insurance as key growth opportunity
- Bajaj Finserv Share Price Live Updates: Bajaj Finserv's Price and Performance Snapshot
Bajaj Finance’s proposed capital raise
Bajaj Finance shares fell 5% after the company said it planned to seek approval for a fresh capital raise. It has since approved a ₹5,800 crore warrant issue to parent Bajaj Finserv, alongside a proposed ₹11,700 crore QIP and warrant issue.
Friday, 2 October
- Bajaj Finance plans ₹17,500 crore raise, with parent Bajaj Finserv in for ₹5,800 crore