Stocks

QIP: Bajaj Finance sets price @ ₹4,407.34/share

PTI New Delhi | Updated on January 24, 2018

Board of directors and shareholders approve for raising ₹1,400 crore

Bajaj Finance Ltd has set the floor price of its ₹1,400 crore QIP at ₹4,407.34 an equity share.

“Resolved... on record the floor price of ₹4,407.34 (an equity share of ₹10 each at a premium of ₹4,397.34 an equity share) of the QIP,” it said in a BSE filing.

In April, the board of directors of the company and shareholders had approved the qualified institutional placement of the equity shares of the company for an aggregate amount not exceeding ₹1,400 crore to qualified institutional buyers.

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Published on June 04, 2015
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