Bajaj Corp is seeking shareholders' nod to raise Rs 1,000 crore by issuing equity shares to institutional buyers through Qualified Institutional Placement (QIP). The company would consider the proposal to raise the sum at its Annual General Meeting to be held on July 20, 2015.
The company would issue securities in one or more tranches through Qualified Institutional Placements to Qualified Institutional Buyers, Global Depository Receipts, American Depository Receipts.
Bajaj Corp is engaged in the manufacturing of hair oils. The company markets its hair oil under the brand names Brahmi Amla, Amla Shikakai and Jasmine hair oil.
