StockWatch
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Non Banking Financial Company (NBFC)
Corporate Action11 Nov 2026, 05:10 pm

Bajaj Finance Approves QIP 2026 Opening, Sets Floor Price at ₹992.25

AI Summary

Bajaj Finance Limited's Special Committee for QIP 2026 has approved the opening of the Qualified Institutions Placement (QIP) issue on November 11, 2026. The floor price for the issue has been set at ₹992.25 per equity share, in compliance with SEBI ICDR Regulations. The committee also approved the preliminary placement document and application form to be sent to eligible qualified institutional buyers. The 'relevant date' for the issue has been fixed as November 11, 2026. The company may offer a discount of up to 5% on the floor price, with the final issue price to be determined in consultation with the book running lead managers.

Key Highlights

  • QIP 2026 issue opened on November 11, 2026.
  • Floor price set at ₹992.25 per equity share.
  • Preliminary placement document approved.
  • Relevant date fixed as November 11, 2026.
  • Potential discount of up to 5% on floor price.