Bajaj Finance Limited announced plans to raise ₹17,500 crore through a Qualified Institutions Placement (QIP) and a preferential issue of convertible warrants, following board approval on October 1. The QIP will raise up to ₹11,700 crore, while the preferential issue, worth ₹5,800 crore, is reserved for promoter Bajaj Finserv Limited. The proposals require shareholder approval at an Extraordinary General Meeting. Shares rose 2.77% to ₹974.60 on the National Stock Exchange on October 5, reacting positively to the announcement and recent quarterly results, according to thehindubusinessline.com.
The capital raise announcement came alongside provisional Q2 FY27 business metrics released on October 3. Bajaj Finance reported a 26.5% year-on-year growth in assets under management to ₹5,84,750 crore, up from ₹4,62,261 crore the previous year. New loans booked increased 11% to 13.45 million, and the customer base expanded to 128.85 million from 110.64 million in the same quarter last year. The deposits book stood at approximately ₹69,750 crore. The stock opened at ₹962.55 and touched an intraday high of ₹995.80, with traded volume reaching 91.37 lakh shares by midday, thehindubusinessline.com detailed.
This capital raise is among the largest in the Indian non-banking financial company (NBFC) segment this year, reflecting Bajaj Finance’s robust growth trajectory and investor confidence. The funds raised will likely support further loan book expansion and strengthen the company’s financial position amid a competitive lending environment. Bajaj Finance’s strong quarterly performance, including growth in assets and customer franchise, underscores its market position compared to peers in the NBFC sector, thehindubusinessline.com noted.
The Extraordinary General Meeting to approve the capital raising proposals is pending, with shareholder consent required before execution. Bajaj Finance’s shares were trading near ₹974.60 on October 5, with the company’s next financial update expected after the close of Q2 FY27, according to thehindubusinessline.com.