Bajaj Finance opens QIP at ₹992.25 floor price
In short
Bajaj Finance has opened a qualified institutional placement for eligible institutional investors. The floor price is ₹992.25 per share, and the company may offer a discount of up to 5% on that price.
What the reporting says
Bajaj Finance opened a qualified institutional placement to eligible institutional investors with a floor price of ₹992.25 per share.
Why it matters
Bajaj Finance launched a QIP to eligible institutional investors at a floor price of ₹992.25 per share, with the option to offer up to a 5% discount. The filing is a capital-raising move for the lender.