Mumbai: The board of directors at Bajaj Finance have approved raising Rs 11,700 crore through a qualified institutions placement ("QIP"). Separately, Rs 5800 crore will be raised through the issue of warrants via a preferrential allotment to promoter Bajaj Finserv, the company said in a notice to the stock exchanges.
"The company will be seeking approval of the shareholders for the proposed QIP and by convening an Extra Ordinary General Meeting," the company said.
In total, the company will raise up to Rs 17,500 crore.
In the QIP, institutional investors will be allotted shares, while warrants will be issued to promoters likely to ensure that their stake is not diluted.
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Bajaj Finance to raise Rs 17,500 cr via QIP, preferential issue
Bajaj Finance plans to raise up to Rs 17,500 crore through a Rs 11,700-crore QIP and Rs 5,800 crore warrant issue to promoter Bajaj Finserv. The fundraising requires shareholder approval; institutional investors will receive QIP shares while promoter warrants could help maintain Bajaj Finservs stake and limit dilution.
- Written by
- Joel Rebello
- Published by
- The Economic Times
- Published
- Length
- 126 words · 1 min
Where this came from
This story was reported by Joel Rebello and first published by The Economic Times on 2 October 2026. HUE Legacy Ventures did not write it.
Carried in full with attribution and a link to the original. Rights remain with the publisher, who may request removal at any time.