Bajaj Finance Ltd.

Bajaj Finance has set the floor price of its proposed Qualified Institutional Placement (QIP) worth Rs 4,500 crore at Rs 1,771.90 per share. The company may offer a discount of not more than 5 per cent on the floor price so calculated for the QIP.

Earlier in July, the company had informed about the board meeting that gave its go ahead for the Rs 4,500 crore capital raise plan through a QIP to qualified institutional buyers.

Bajaj Finance, the lending and investment arm of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 19 million customers across the country.