Bajaj Finance news

Bajaj Finance board to mull fundraising via preferential issue, QIP on October 5

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Bajaj Finance board to mull fundraising via preferential issue, QIP on October 5

The board of directors of Bajaj Finance Ltd will meet on October 5 to consider and approve fundraising through equity instruments. Among the various options, the board will consider preferential issue of shares or qualified institutional placement issue, it said in a regulatory filing. However, the company did not mention the amount it plans to … Read more

Bajaj Finance misses estimates for Q1 as lockdowns hit business

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Bajaj Finance misses estimates for Q1 as lockdowns hit business

Mumbai: reported a lower-than-expected 4% rise in net profit as operations at the country’s biggest standalone consumer financier were affected by the second wave of Covid-19 in the June quarter, which also witnessed increases in provisions and business costs. Consolidated net profit increased 4% to ₹1,002 crore in the quarter ended June 2021 from ₹962 … Read more