Bajaj Finance set to mop up Rs 17,500 crore via QIP, warrants
Bajaj Finance will raise ₹17,500 crore through a qualified institutional placement (QIP) and warrants issued to promoters. This fundraising follows a similar ₹10,000 crore capital raise in November 2023 and aims to support the company's growth. An extraordinary general meeting will be convened for shareholder approval of the QIP, with a focus on maintaining the promoter's stake.