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.
Timeline
Friday, 2 October
- Bajaj Finance plans ₹17,500 crore raise, with parent Bajaj Finserv in for ₹5,800 crore
Bajaj Finance approved a ₹5,800 crore warrant issue to parent Bajaj Finserv
Thursday, 24 September
- Bajaj Finance shares fall 5% as company plans to seek approval for capital raise
Bajaj Finance shares fell 5% as it planned to seek approval for a fresh capital raise
