BAJAJ FINANCE LTD. PLANS RS 11,700 CRORE QIP

BAJFINANCE Bajaj Finance is reportedly planning to launch a Qualified Institutional Placement to raise up to Rs 11,700 crore, aimed at strengthening its capital base and supporting its future business expansion. Shares of Bajaj Finance were trading 0.7 percent higher. The stock has gained 10.2 percent so far in 2026, outperforming the Nifty 50, which has declined 3.3 percent over the same period. The company's market capitalisation stood at approximately Rs 6.67 lakh crore. The proposed QIP is part of a larger Rs 17,500-crore fundraising plan approved by the company's board on October 1. The capital-raising programme includes up to Rs 11,700 crore through an institutional share sale and Rs 5,800 crore through a preferential issue of warrants to its promoter, Bajaj Finserv. Bajaj Finance approved the allotment of approximately 5.74 crore warrants to Bajaj Finserv at Rs 1,010 per warrant, amounting to nearly Rs 5,800 crore. Each warrant can be converted into one equity share. Investors are required to pay 25 percent of the consideration at the time of allotment and the remaining 75 percent upon conversion. For FY27, Bajaj Finance has projected Assets Under Management growth of 26-27 percent. The company also aims to book 60-62 million new loans and add 18-20 million customers during the financial year. On the asset quality front, the company's capital adequacy ratio stood at 20.33 percent at the end of September, including Tier-I capital of 19.43 percent. Gross non-performing assets improved to 1.06 percent from 1.24 percent in the year-ago period, while net NPAs declined to 0.42 percent from 0.60 percent.