Bajaj Finance hires for $1bn share sale

rupees 230-150x
By Jonathan Breen
06 Sep 2019

India's Bajaj Finance has hired banks to run a potential qualified institutional placement (QIP) of around $1bn, according to a source familiar with the matter.

The non-banking finance company (NBFC) has lined up JM Financial, Kotak Mahindra Capital and Nomura as the bookrunners, said the source.

Bajaj Finance, a subsidiary of NBFC Bajaj Finserv, focuses on consumer, commercial and small and medium enterprise lending, as well as wealth management. It also offers third-party ...

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