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Bajaj Finance to raise Rs 10,000 crore via QIP, convertible warrants

The board has given Bajaj Finance permission to raise up to Rs 10,000 crore by issuing convertible warrants and qualified institutional placements (QIPs). With the QIP offering, the business hopes to raise up to Rs 8,800 crore, and with convertible warrants, it intends to raise up to Rs 1,200 crore. Preferentially, the business will provide promoter Bajaj Finserv 15,50,000 warrants, which are...

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