Bajaj Finance on Wednesday launched a Rs 11,700 crore capital raise plan through <a href="https://www.mid-day.com/business/business-news/article/piramal-finance-raises-rs-3850-crore-via-qualified-institutional-placement-promoters-23647623" target="_blank" rel="none noopener">qualified institutional placement (QIP)</a> to fund business growth.
A Special Committee of the board at its meeting held today considered and approved authorising the opening of the issue to eligible qualified institutional buyers in accordance with the terms of the issue, Bajaj Finance said in a regulatory filing.
The panel also approved the floor price Rs 992.25 per equity share, based on the pricing formula as prescribed under the Sebi ICDR Regulations, the non-banking financial company (NBFC) said.
Pursuant to the shareholders' approval, accorded through a special resolution dated November 2, 2026, the company has been authorised to offer a discount of not more than 5 per cent on the floor price calculated for the issue, it said.
On Tuesday, <a href="https://www.mid-day.com/business/business-news/article/bajaj-finance-q2fy27-net-profit-increases-29-per-cent-to-rs-6367-crore-23656042" target="_blank" rel="none noopener">Bajaj Finance</a> allotted 5.74 crore warrants to promoter Bajaj Finserv on a preferential basis for Rs 5,799 crore.
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The panel  also approved the floor price Rs 992.25 per equity share, based on the pricing formula prescribed under SEBI regulations

Bajaj Finance launches Rs 11,700-crore qualified institutional placement issue

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A Special Committee of the board also approved the floor price Rs 992.25 per equity share, based on the pricing formula as prescribed under the Sebi ICDR Regulations

Bajaj Finance to raise Rs 11,700 crore via qualified institutional placement

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