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Bajaj finance gains 3% as board approves raising rs 8,500 crore via qip

The approval, it said, is subject to shareholders' nod to be sought through a postal ballot.

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Bajaj finance gains 3% as board approves raising rs 8,500 crore via qip

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  1. Bajaj Finance: gains 3% as board approves raising Rs 8,500 crore via QIP The approval, it said, is subject to shareholders' nod to be sought through a postal ballot.

  2. MARKET NEWS per cent to Rs 3,464 in the early morning deals on the BSE on Wednesday after its board approved raising capital worth Rs 8,500 crore via a qualified institutions placement (QIP) route. » Shares of Bajaj Finance were up 3 At 9:47 am, the stock was trading 1.7 per cent higher at Rs 3424 apiece. In comparison, the benchmark S&P BSE Sensex was hovering around 36,552 levels, up 0.19 per cent. A total of 4.68 lakh shares changed hands on the NSE and BSE till the time of writing of this report. Bajaj Finserv, its subsidiary, too was trading 1.3 per cent higher at Rs 7242 per share The PAT in the previous quarter stood at Rs 836 crore. Assets under management rose 41 per cent to Rs 128,898 crore, from Rs 91,287 crore in the same quarter of the previous fiscal. Watch Full Story Here →BAJAJ FINANCE

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