Bajaj Finance Ltd.

Bajaj Finance has received its board’s approval to raise amount of up to Rs 1,400 crore through qualified institutional placement (QIP). The board also approved preferential issue of up to 9.25 lakh warrants convertible into an equivalent number of equity shares to Bajaj Finserv, the promoter. The board has convened an extraordinary general meeting of the shareholders on May 20 to consider these proposals.

Bajaj Finance is one of the leading financial companies in India. It offers personal loans that are convenient, flexible, quickly processed, have superior features like zero prepayment charges & requires no security with minimum paper work. The company offers personal loans for home renovation, marriage in family, holiday, and medical expenses without providing security or guarantors.