Bajaj Finance in focus ahead of board meet to raise funds

Shares of Bajaj Finance Limited are witnessing significant market momentum after the leading non-banking financial company (NBFC) announced that its Board of Directors will convene on Thursday, October 1, 2026. The primary agenda of this crucial high-level meeting revolves around evaluating viable routes to raise fresh capital. The company intends to deeply explore capital-raising options, explicitly highlighting structures like a Qualified Institutional Placement (QIP) or a preferential issue of shares, both of which will remain subject to standard regulatory clearances and explicit shareholder approvals. This critical development triggered an immediate positive reaction across the stock exchanges. Reflecting robust investor confidence, Bajaj Finance shares surged 3.07% to close at Rs 1,040, heavily snapping a brief two-session declining streak. During active intraday trading, the stock even pushed past its initial barriers to touch an intraday high of Rs 1,041. This buying momentum effectively propelled the total market capitalization of the financial juggernaut to a commanding stature of Rs 6.47 lakh crore.