{
  "id": 19506057,
  "title": "Bajaj Finance launches ₹11,700-crore share sale, sets floor price at ₹992.25",
  "url": "https://urgent.news/2026/11/11/bajaj-finance-launches-11-700-crore-share-sale-sets-floor-price-at",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-11T14:34:17.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/bajaj-finance-launches-11700-crore-share-sale-sets-floor-price-at-99225/article71690436.ece"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "The fundraising comes as the non-bank lender reports 26 per cent annual growth in assets under management in the September quarter.",
  "key_points": [
    "Bajaj Finance raises ₹11,700 crore through share sale",
    "Floor price set at ₹992.25 per share",
    "Assets under management grew 26% YoY in Q3"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}