Bajaj Finance Ltd

💰 Bajaj Finance board approves ₹11,700 Cr QIP & ₹5,800 Cr warrant issue to promoter

- QIP up to ₹11,700 Cr at face value Re. 1 each

- Preferential warrants up to ₹5,800 Cr to Bajaj Finserv

- Warrants: 25% upfront, balance 75% on exercise

- Warrants exercise period: 18 months, else forfeited