Bajaj Finance is reportedly preparing to launch a qualified institutional placement (QIP) to raise up to Rs 11,700 crore, as the non-banking financial company looks to strengthen its capital base and support its next phase of business expansion.
CNBC-TV18 report citing unidentified sources that the proposed institutional share sale could be priced at a small discount to the prevailing market price. The proceeds are expected to be used as growth capital. The potential QIP launch comes just a day after the company approved the allotment of warrants worth Rs 5,800 crore to its promoter, Bajaj Finserv.
Bajaj Finance shares were trading 0.7 percent higher at Rs 1,072.35 in Wednesday afternoon trade. The stock has gained 10.2 percent so far in 2026, outperforming the Nifty 50, which has declined 3.3 percent during the period. The company's market capitalisation stood at approximately Rs 6.67 lakh crore.
The proposed QIP forms part of a broader Rs 17,500-crore capital-raising programme approved by Bajaj Finance's board on October 1. The plan comprises up to Rs 11,700 crore through an institutional share sale and Rs 5,800 crore through the preferential issue of warrants to Bajaj Finserv.
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