Out of the total, Rs 8,800 crore will be raised via QIP and the remaining Rs 1,200 crore will be via preferential allotment of shares to Bajaj Finserv
Stocks to Watch on Wednesday, October 4, 2023: Bajaj Finserv's insurance arm, Bajaj Allianz General Insurance has received a show cause notice alleging a tax demand of Rs 1,010.05 crore
Closing Bell on September 29, 2023: The Nifty50, on the other hand, gained 115 points to shut shop at 19.638. Sectorally, the Nifty Pharma index jumped the most, up 2.7 per cent
Here's how Bajaj Finserv Mutual Fund uses behavioural finance in its investment philosophy
Bajaj Finance is already into used car financing and is in the process of tying up with dealers for new four-wheeler financing
Megatrends investing strategy is suited for a flexicap fund as it selects companies that have strong growth potential based on the long-term changes in the businesses, says Nimesh Chandan
Trend in Bajaj twins remains sluggish and may slide in bear's grip if key levels are breached
The interest income rose to Rs 12,130 crore in Q1FY24 from Rs 8,971 crore in Q1FY23
CLOSING BELL ON JULY 27, 2023: Sectorally, auto and energy shares bore brunt of the selling, while pharma and realty stocks ended with smart gains on Thursday.
The company's revenue from operations rose nearly 46.5% YoY to Rs 23,279.98 crore from Rs 15.888.26 crore last year
UTI MF launches new fund; 360 ONE and Bajaj Finserv file papers
NFO opens on July 24, closes on August 7
Assets under management (AUM) grew by 32 per cent to approximately Rs 2.7 trillion at the end of the June quarter
Pune-based Bajaj Finserv MF is set to launch products across equity, debt and hybrid categories this month
Bajaj Finserv Mutual Fund will launch a comprehensive set of products across fixed-income, hybrid, and equity categories
Stocks to Watch today, June 5, 2023: Brent crude related stocks could see considerable action today as oil prices jumped over 2 per cent overnight, and another 2 per cent Monday morning
The Maharashtra government has signed a Memorandum of Understanding with Bajaj Finserv under which the non-banking finance company will invest Rs 5,000 crore in Pune that is expected to create 40,000 jobs, Deputy Chief Minister Devendra Fadnavis said on Saturday. After signing the MoU, Fadnavis said Pune was gradually becoming a hub for financial services and the latest development involving Bajaj Finserve would boost the sector. "I think it is the largest investment in recent times taking place in the fintech sector," Fadnavis said about the MoU.
Among banking majors, Axis Bank, ICICI Bank, HDFC Bank and State Bank of India (SBI) appear on track to hit new all-time high in the weeks ahead, charts suggest
Unless major resistances are crossed, both the HDFC and Bajaj twins are likely to face selling pressure on up moves
Bajaj Finserv's total income during the quarter rose 25 per cent to Rs 18,862 crore as compared to Rs 23,625 crore last year