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Bajaj Finance, the non-banking finance company has surpasses the private sector lender IndusInd Bank in terms of market valuation.
Bajaj Finance had a market capitalization (m-cap) of Rs 103,196 crore, which was Rs 2,298 crore more than IndusInd Bank’s m-cap of Rs 100,898 crore, the BSE data shows.
The stock hit a record high of Rs 1,879, up 5% on BSE in intra-day trade, after the company said that it has launched a qualified institutional placement (QIP) offering up to Rs 4,500 crore from institutional investors. The company set the floor price at Rs 1,771.90 per share.
Bajaj Finance had a market capitalization (m-cap) of Rs 103,196 crore, which was Rs 2,298 crore more than IndusInd Bank’s m-cap of Rs 100,898 crore, the BSE data shows.
The stock hit a record high of Rs 1,879, up 5% on BSE in intra-day trade, after the company said that it has launched a qualified institutional placement (QIP) offering up to Rs 4,500 crore from institutional investors. The company set the floor price at Rs 1,771.90 per share.
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