Bajaj Finance to raise Rs 17,500 crore via QIP and warrants
Bajaj Finance has announced plans to raise Rs 17,500 crore through a combination of share sales and warrants. The company's board approved Rs 11,700 crore via a qualified institutional placement (QIP) and Rs 5,800 crore through warrants issued to its promoter.
A shareholder meeting will be convened to obtain approval for the proposed QIP. This fundraising effort is the first major capital raise by the company since November 2023, aimed at supporting its expansion and growth initiatives.
