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Funding and debt▼ Bearish for Bajaj Finance
Bajaj Finance shares fall 5% as company plans to seek approval for capital raise
The brief
- Bajaj Finance shares fell 5% as it planned to seek approval for a fresh capital raise
- The board was due to consider the proposal on Thursday, October 1
- A capital raise may dilute shareholders; Bajaj Finance investors are directly exposed
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| BAJFINANCE | Thu, 24 Sept | −5.9% | −4.2% | 2.5× | −4.4% · Nifty −1.3% |
✓ Classifier read this as negative; BAJFINANCE fell 4.2% against the Nifty on the day it traded.
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