Bajaj Finance launches QIP to raise up to Rs 11,700 crore

BAJFINANCE Bajaj Finance has launched Qualified Institutions Placement (QIP) to raise up to Rs 11,700 crore. The Special Committee of the Board (the QIP Committee), at its meeting held on November 11, 2026, has approved authorising the opening of the issue to eligible qualified institutional buyers in accordance with the terms of the issue. The approved floor price for the issue is Rs 992.25 per equity share. Pursuant to the shareholders' approval, accorded through a special resolution on November 2, 2026, the company has been authorised to offer a discount of up to 5% on the floor price calculated for the issue. Bajaj Finance is one of the largest players in the burgeoning consumer finance segment in India and a pioneer in introducing interest-free EMI finance options in many categories, ranging from consumer durables to lifestyle products to groceries.