Economy
Bajaj Finance Board Approves ₹17,500 Crore Capital Raise Plan
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THE BRIEF
1
Bajaj Finance announced a massive capital-raising plan totaling up to ₹17,500 crore to strengthen its financial capital base.
2
The plan includes a Qualified Institutions Placement of up to ₹11,700 crore and a preferential warrant issue worth ₹5,800 crore to promoter Bajaj Finserv.
3
Bajaj Finance shares closed 1.24% lower at ₹949.35 on the BSE ahead of the market closure for Gandhi Jayanti.