In the past two months alone, four companies have garnered a cumulative Rs 22,400 crore via this route
The shares of Bajaj Finance ended Monday's session at Rs 4,116. The offer price is at a discount of 5.2 to 6.2 per cent to the closing price on Monday.
The shares ended Monday's session at Rs 4,116
JM Financial, Axis Capital, Kotak Mahindra Capital, Morgan Stanley, and Nomura are advising the company on the share sale.
The QIP, for an aggregate amount of Rs 8,500 crore, is likely to be between Rs 3,810-3,900 per share
Now, the company has sought shareholders' approval for raising the limit which they expect to get in five-seven days
The non-banking financier has turned cautious on the lifestyle segment in Q2
Analysts still peg growth for FY20 upwards of 30%, even as management turned cautious after Q1
The S&P BSE Sensex Index posted its third day of losses on Tuesday, ending a surge since the Sept 20 announcement of the tax cuts
Thus far in the calendar year 2019, Bajaj Finance has outperformed the market by surging 54 per cent, as compared to an eight per cent gain in the Sensex.
The approval, it said, is subject to shareholders' nod to be sought through a postal ballot.
Total Income grew by 40 per cent year-on-year, though profitability of life and general insurances business dragged the overall show
Management is tightening its underwriting practices in select segments of lending as a measure of prudence, which may dent growth in the coming quarters
Net interest income of the company registered a 43 per cent jump at Rs 3,695 crore
For ITC, keep a stop at 266 and go short. Add to the position between 261-262. Book profits at 260
The stock is trading at its lowest level since May 17 and has corrected 15 per cent from its all-time high level of Rs 3,761 touched on July 5
Thus far in the calendar year 2019, the stock has outperformed the market by surging 41 per cent, as compared to 10 per cent gain in the S&P BSE Sensex.
From washing machines to mobile phones and furniture, diversification has play out well for the non-banking lender; asset quality steady
The valuation of the country's most expensive NBFC stock at 6.6 times the FY20 book value is quite demanding
With concerns on funding costs put to rest, Bajaj Finance stocks rose over 2 per cent on Tuesday