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Bajaj Finserve plans to raise Rs 750-cr capital

06 Jul 2011 Evaluate

Bajaj Finserve plans to raise Rs 750-crore equity capital within the next two quarters either through private equity or through qualified institutional placement. The company needs additional capital to support growth in different areas such as consumer, infrastructure and SME financing, all of which are reporting growth. The promoters too will infuse enough equity to retain their 56 per cent shareholding in the company.

Peers
Company Name CMP
Bajaj Finserv 1771.00
TVS Holdings 12493.90
Cholamandalam Fin. 1433.10
Altius Telecom Infra 175.00
Kama Holdings 2204.55
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