Bajaj Corp is planning to raise up to an amount not exceeding Rs 1,000 crore in one or more tranches by issuing equity shares and securities. The funds will be raised to meet the funding requirements and business objectives of the company. The company will seek shareholders’ approval for the fund raising proposal at its annual general meeting to be held on July 18.
The company will raise funds by issue of equity shares and/or any other financial instruments, convertible into Equity Shares through QIP under SEBI ICDR Regulations and/or through issuance of securities in the international markets by way of GDRs/ADRs/FCCBs etc.
Bajaj Corp is one of India’s leading producers of hair oils. The company is a part of the Shishir Bajaj Group companies (the Bajaj Group). The company markets its hair oil under the brand names Brahmi Amla, Amla Shikakai and Jasmine hair oil.
