Bajaj Finance Limited
Indian non-banking financial company, subsidiary of Bajaj FinservProfile
Bajaj Finance Limited is an Indian non-banking financial company (NBFC) headquartered in Pune. It lends to consumers, small businesses and commercial borrowers, and it also takes deposits. The Reserve Bank of India lists it as an upper layer NBFC, a category it joined in September 2022, and its shares trade on the BSE and NSE under the symbol BAJFINANCE.
The company was set up on 25 March 1987 as Bajaj Auto Finance Limited to finance two and three wheelers, and it took its present name in 2010. After the group split its manufacturing and financial businesses in 2007, Bajaj Finserv became its parent and now holds 52.49 per cent of the shares. Rajeev Jain is its managing director. Its subsidiaries include Bajaj Housing Finance, which listed through an IPO in 2024, and Bajaj Financial Securities.
Why it is in the news: on 11 November 2026 the company opened a qualified institutional placement (QIP) at a floor price of Rs 992.25 a share, with a discount of up to 5 per cent allowed. Its board had approved raising up to Rs 11,700 crore through the QIP on 1 October 2026, alongside a warrant issue of up to Rs 5,800 crore to Bajaj Finserv.
Sources: Wikipedia, Nation in Shorts report on the QIP.
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