Bajaj Finance launches ₹11,700-crore share sale, sets floor price at ₹992.25
The fundraising comes as the non-bank lender reports 26 per cent annual growth in assets under management in the September quarter.
Bajaj Finance, one of India's largest non-bank lenders, launched a major share sale on Wednesday, raising over $1 billion from institutional investors. The lender set the floor price at ₹992.25 per share for the Qualified Institutional Placement. In October, Bajaj Finance approved raising up to ₹11,700 crore through this process.
The fundraise aims to support the company's expansion despite robust credit demand in India. The lender's assets under management grew by 26% year-on-year in the September quarter, marking the fastest pace since March 2025. Earlier in the week, Bajaj Finance authorized the issuance of warrants worth up to ₹5,800 crore to its holding company, Bajaj Finserv.
As of the September-end, the company's capital adequacy ratio was 20.33%, down from 20.90% three months ago and 21.23% a year prior. Bajaj Finance's shares closed 1.3% higher on Wednesday, with their year-to-date performance up 9%. This growth is attributed to a recent rally in broader markets due to easing crude oil prices and optimism over foreign inflows. Notably, the Nifty 50 index has declined by around 3% this year.
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