Bajaj Finance seals $705m return to equity market

India’s Bajaj Finance capped its fourth and largest equity raise to huge success last week, netting Rp45bn ($705m) from a qualified institutional placement.

  • By John Loh
  • 11 Sep 2017



The capital increase, launched on September 5 and priced on September 8, was sealed at Rp1,690 a share, a discount of 4.6% to the regulatory floor price of Rp1,794.4, according to a filing by the company on Friday.

JM Financial, which has led all of Bajaj Finance’s previous ...

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