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Bajaj Finance Initiates Rs 17,500-Crore Fundraise Targeting November Launch
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Moneycontrol•05-10-2026, 17:59
Bajaj Finance Initiates Rs 17,500-Crore Fundraise Targeting November Launch
- •Bajaj Finance has started preliminary work on a massive capital raise of up to Rs 17,500 crore, aiming for a November launch.
- •The board-approved fundraise includes a qualified institutional placement of up to Rs 11,700 crore and a preferential issue of warrants for up to Rs 5,800 crore.
- •Kotak Mahindra Capital, JP Morgan, and Morgan Stanley have been appointed as advisors for the transaction.
- •The proceeds from the capital raise will be utilized primarily for growth capital.
- •Bajaj Finance previously raised Rs 10,000 crore in 2023 and Rs 8,500 crore in 2019 through similar equity fundraises.
Key Questions Answered
Bajaj Finance has initiated a fundraise of up to Rs 17,500 crore, which is planned through a combination of a qualified institutional placement (QIP) of up to Rs 11,700 crore and a preferential issue of warrants for up to Rs 5,800 crore.
Kotak Mahindra Capital, JP Morgan, and Morgan Stanley have been mandated as the advisors for the proposed capital raise transaction.
Depending on market conditions, the company plans to launch the deal in the second half of November, with the proceeds being utilized for growth capital.
