Bajaj Finance has started a Qualified Institutions Placement to raise up to ₹11,700 crore. The company board approved the launch of this issue for eligible qualified institutional buyers during a meeting held on November 11, 2026. The floor price for these equity shares is set at ₹992.25 per share.
The QIP Committee of the board authorised the opening of the issue following the terms established for the placement. This decision follows a special resolution passed by shareholders on November 2, 2026, which granted the company permission to proceed with the capital raise.
Under the terms approved by shareholders, the company holds the authority to offer a discount of up to 5% on the calculated floor price for the issue. Bajaj Finance operates within the consumer finance segment in India. The firm is known for creating interest-free installment plans for items like household appliances, lifestyle goods, and groceries. It maintains a presence in the Indian market by providing these specific financial services to its customers across various retail sectors.
Based on company and agency reports. For information only; not investment advice.