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Bajaj Finance has launched a qualified institutional placement (QIP) to raise up to INR 11,700 crore (about USD 1.25 billion) from institutional investors.
The company’s QIP committee approved opening the issue yesterday, which is also the relevant date for pricing. The floor price is INR 992.25 per equity share, set under the pricing formula in the SEBI ICDR Regulations.
The company may offer a discount of up to 5% on the floor price, as approved by shareholders. The final issue price will be set with the book running lead managers. The shares have a face value of Re 1 each.
The QIP is part of a fundraising plan approved by the board on October 1, 2026, and the proceeds will help the non-bank lender expand amid strong credit demand in India.
Separately, the company approved issuing warrants worth up to INR 5,800 crore to its holding
company, Bajaj Finserv.
Bajaj Finance shares closed 1.3% higher on Wednesday. The stock is up about 9% in 2026, supported by a broader market rally on easing crude oil prices and optimism over foreign inflows.
This article was originally
published by the 
