Bajaj Finance to Raise ₹17,500 Cr via QIP and Preferential Issue

Bajaj Finance Limited announced its board has approved proposals to raise capital through a Qualified Institutions Placement (QIP) and a Preferential Issue (PI). The QIP aims to raise up to ₹11,700 Crore by issuing equity shares, while the PI will raise up to ₹5,800 Crore through warrants convertible into equity shares. The preferential issue is to Bajaj Finserv Limited, the promoter and holding company. Shareholder approval will be sought via an Extra Ordinary General Meeting (EGM). The meeting was held on October 1, 2026.