Bajaj Finance
has touched its fresh 52-week high of Rs 1,883 per share, up by nearly
5%. The stock attracted a total traded volume of 23,21,113 shares and
traded value of Rs 427.67 crore on NSE.
Bajaj Finance on Tuesday has launched a qualified institutional placement (QIP), to raise up to Rs 4,500 crore, reported a leading news agency. The company is planning to sell 26.6 million shares at Rs 1,690 each. Shareholding of the promoters of the company would come down to 55.3% after the share sale through this QIP. This price is a 5.8% discount to the previous closing price of Rs 1,794.4 per share on the NSE.
Bajaj Finance on Tuesday has launched a qualified institutional placement (QIP), to raise up to Rs 4,500 crore, reported a leading news agency. The company is planning to sell 26.6 million shares at Rs 1,690 each. Shareholding of the promoters of the company would come down to 55.3% after the share sale through this QIP. This price is a 5.8% discount to the previous closing price of Rs 1,794.4 per share on the NSE.
The board of the company will hold a meeting on or after September 8 to
consider and approve the issue price of QIP. The company is diluting up
to 4.8% of existing share capital. Kotak Mahindra Capital, JM Financial
and Goldman Sachs are the book running managers for the offer. The board
had approved raising up to Rs 4,500 crore through the qualified
institutional placement route in its board meeting held on July 19,
2017.
Meanwhile, Nifty was trading at 9,925 level, down by 26 points or 0.27% while Sensex was trading at 31,693 level, down by 115 points in the closing hour on Wednesday..
Meanwhile, Nifty was trading at 9,925 level, down by 26 points or 0.27% while Sensex was trading at 31,693 level, down by 115 points in the closing hour on Wednesday..
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