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Bajaj Finance Soars 4% on Fundraising Plan; Petronet LNG Rises on New MD & CEO
M
Moneycontrol•05-10-2026, 10:12
Bajaj Finance Soars 4% on Fundraising Plan; Petronet LNG Rises on New MD & CEO
- •Bajaj Finance shares surged 4.6% after its board approved raising up to Rs 11,700 crore via QIP and Rs 5,800 crore through a preferential issue of warrants to promoter Bajaj Finserv.
- •Petronet LNG shares climbed 2.4% following the board's approval of Sanjay Kumar as the new MD & CEO, effective May 13, 2027.
- •KPI Green Energy shares dropped 2% after Group CEO Alok Das resigned from his position, effective October 1.
- •Poonawalla Fincorp saw a 2% increase in shares after reporting AUM of approximately Rs 73,950 crore and liquidity of Rs 6,400 crore as of Q2 September 30, 2026.
- •The broader market traded higher, with Nifty Midcap index rising 1% and Nifty Smallcap index gaining 0.6%, while most sectoral indices, except pharma, were in the green.
Key Questions Answered
Bajaj Finance shares gained 4.6% after its board approved raising up to Rs 11,700 crore via a QIP and Rs 5,800 crore through a preferential issue of warrants to promoter Bajaj Finserv.
Petronet LNG shares rose 2.4% following the board's approval of Sanjay Kumar, currently Director (Marketing) at GAIL (India), as the new MD and CEO effective May 13, 2027.
KPI Green Energy shares fell 2% after Group CEO Alok Das resigned from his position, with his departure taking effect on October 1.
