Bajaj Finance Board Approves Raising Rs 8,500 Crore Via QIP
An Indian 2,000 rupee, bottom, and 500 rupee banknotes are arranged for a photograph in Bangkok, Thailand. (Photographer: Brent Lewin/Bloomberg)

Bajaj Finance Board Approves Raising Rs 8,500 Crore Via QIP

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Bajaj Finance Ltd. on Tuesday said it will raise up to Rs 8,500 crore through qualified institutional placement by issuing equity shares.

The board of directors, at its meeting held on Sept. 17, approved raising of capital through QIP for an aggregate amount not exceeding Rs 8,500 crore by issue of equity shares, Bajaj Finance said in a regulatory filing.

The approval, it said, is subject to shareholders' nod to be sought through a postal ballot.

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