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Bajaj Finserv plans to raise up to Rs 1,000 crore through a rights issue.
The company has filed a draft offer document with SEBI.
Bajaj Finserv plans to deploy Rs 750 crore towards augmenting its capital base for the purpose of capital adequacy.
The remaining fund would be deployed for general corporate purposes after incurring issue expenditure. Bajaj Finserv is a non-banking financial company present in diverse businesses such as life insurance, general insurance and financial advisory.
>raghavendraraok@thehindu.co.in
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