Bajaj Finance to raise up to Rs 17,500 Cr via QIP and warrants
BAJFINANCE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.7 pts more than Nifty 100 and 2.3 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Bajaj Finance board approved raising up to Rs 11,700 Cr through a Qualified Institutions Placement of equity shares and up to Rs 5,800 Cr via preferential issue of convertible warrants to promoter Bajaj Finserv. Total combined raise up to Rs 17,500 Cr. Subject to shareholder approval at an EGM and regulatory clearances. Warrants require 25 percent upfront payment with balance due on conversion within 18 months.
Combined equity dilution of up to Rs 17,500 Cr likely. Promoter participation signals confidence, but short-term EPS dilution expected.