Bajaj Finance had at its November 1 meeting approved the issue of 15,50,000 warrants to the promoter, at an issue price of Rs 7,670 per warrant, for an amount aggregating to Rs 1,188.85 crore
Last month, the non-bank finance major received board approval for raising up to Rs 10,000 crore through qualified institutional placement issue and convertible warrants. The company plans to raise up to Rs 8,800 crore through the QIP issue, and Rs 1,200 crore via convertible warrants issue to promoter Bajaj Finserv.