Bajaj Finance Ltd.

Bajaj Finance has received approval to raise up to Rs 8,500 crore through qualified institutional placement (QIP) by issuing equity shares. The board of directors of the company at its meeting held on September 17, 2019, approved the same.

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.