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.