India ECM: Bajaj Finance hunts down $703m

Bajaj Finance has set its sights on a Rp45bn ($703m) capital increase as in-demand Indian FIG issuers line up to tap equity investors.

  • By John Loh
  • 17 Aug 2017


The company hired Goldman Sachs, JM Financial and Kotak Mahindra Capital to lead the fundraising, which will be done through a qualified institutional placement (QIP), bankers said.

Bajaj Finance, a non-bank lender, is looking to do only its second follow-on after shares gained a hefty 107% this ...

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