India's Bajaj Finance gains on plans to raise funds via institutional investors

Bajaj Finserv

06/10/2023 09:23

** Shares of non-bank lender Bajaj Finance  BJFN.NS  rise as
much as 3.3% to a record 8,109.70 rupees
    ** Co' top shareholder Bajaj Finserv  BJFS.NS  up 4.4%
    ** BJFN and BJFS top gainers on Nifty 50 index  .NSEI ,
which is up 0.6%
    ** BJFN on Thursday said it will raise upto 100 billion
rupees ($1.20 billion) by issuing shares to institutional
investors and warrants to BJFS
    ** YTD BJFN shares up 23% and BJFS up 4.3% vs 8.5% gains in
Nifty 50 index
    


($1 = 83.2130 Indian rupees)

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))