IFLR1000

Bajaj Finance $1.2 billion qualified institutional placement

8/11/2019
Qualified institutional placement (QIP)
Select tab

Re 85 billion

$ 1.2 billion

Completed

8/11/2019

Overview:

  • India's largest non-banking financial company (NBFC) Bajaj Finance has raised $1.2 billion through a qualified institutional placement (QIP) of 21,794,871 equity shares.
  • This marks the largest ever QIP by an NBFC in India.

Shah Shameer Ahmed - Researcher

Jurisdiction:

India

Deal type:

Qualified institutional placement (QIP)

Practice area:

Capital markets : Equity

Industry sector:

Financial services

Firms:
Cyril Amarchand Mangaldas

Party: Bajaj Finance (Issuer)

Duane Morris & Selvam

Party: JM Financial (Book running lead manager)

Party: Axis Capital (Book running lead manager)

Party: Kotak Mahindra Capital Company (Book running lead manager)

Party: Morgan Stanley India (Book running lead manager)

Party: Nomura Financial Advisory and Securities (Book running lead manager)

Lawyer: Jamie Benson

Khaitan & Co

Party: Axis Capital (Book running lead manager)

Party: Kotak Mahindra Capital Company (Book running lead manager)

Party: Morgan Stanley India (Book running lead manager)

Party: Nomura Financial Advisory and Securities (Book running lead manager)

Party: JM Financial (Book running lead manager)

Lawyers: Abhimanyu Bhattacharya, Thomas George

Related deals