The rating agency said BFL's RAC ratio is unlikely to sustain above 15 per cent during the financial years 2025-2026
This capital raise could then be a tacit acknowledgment that Bajaj Finance is readying its capital ammunition for how the competitive landscape is going to evolve over next few years, said analyst.
Stocks to Watch on Friday, October 6, 2033: SoftBank Group is likely to sell shares worth up to $105 million in PB Fintech via block deals
Out of the total, Rs 8,800 crore will be raised via QIP and the remaining Rs 1,200 crore will be via preferential allotment of shares to Bajaj Finserv
The company said it will raise up to Rs 8,800 crore of capital through qualified institutional placement of shares
Stocks to Watch on Thursday, October 5, 2023: The government, on Wednesday, released the fifth Positive Indigenisation List (PIL) of 98 items which will be procured by the three armed services
While analysts remain positive, the two stocks fell by 1.5-4.5 per cent on Wednesday
Stocks to Watch on Wednesday, October 4, 2023: Bajaj Finserv's insurance arm, Bajaj Allianz General Insurance has received a show cause notice alleging a tax demand of Rs 1,010.05 crore
The Board of Bajaj Finance is scheduled to meet next week to consider proposal for raising of funds through any or all of various methods including by way of preferential issue or QIP
Closing Bell on September 25, 2023: The broader markets ended with steady gains with the BSE MidCap index advancing 0.46 per cent, and the BSE SmallCap 0.12 per cent
Among the stocks in focus on Monday, Shree Renuka Sugars looks strong on charts, while Inox Green Energy seems weak.
The final decision for the fundraising is likely to be taken in the upcoming board meeting on October 5
Stocks to watch on Monday, September 25, 2023: Canara Bank, Delta Corp, Granules, Hindustan Copper, Indiabulls Housing and Manappuram Finance are the six stocks in F&O ban period today.
All deposit-taking NBFCs and non-deposit-taking NBFCs with an asset size over Rs 1,000 crore are in the middle layer
In terms of the framework, once an NBFC is classified as NBFC-UL, it shall be subject to enhanced regulatory requirement, at least for a period of five years
Closing Bell on September 12, 2023: Among sectors, the Nifty Media index declined nearly 4 per cent, the Nifty Metal index nearly 3 per cent, and the Nifty PSU Bank and Auto indices up to 2.5 per cent
Bajaj Finance is already into used car financing and is in the process of tying up with dealers for new four-wheeler financing
In Q1 FY24, B2B disbursements were up 37 per cent at Rs 22,625 crore as against Rs 16,502 crore in Q1 FY23. Its AUM stood at Rs 2,70,097 crore at the end of June 2023
The company continues to invest in technology, digitising operations. But operating leverage kicking in has helped to improve its cost ratios over FY24
Trend in Bajaj twins remains sluggish and may slide in bear's grip if key levels are breached