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BUZZ-India's Bajaj Finance hits record high after QIP launch
September 6, 2017 / 7:48 AM / 15 days ago

BUZZ-India's Bajaj Finance hits record high after QIP launch

** Shares in Bajaj Finance Ltd rise as much as 3.2 pct to a record high of 1,851.45 rupees

** Co launched a share sale to institutional investors to raise 45 bln rupees ($700.69 mln), according to a filing on Tuesday

** Co to sell 26.6 mln shares at 1,690 rupees each, a 5.8 pct discount to Tuesday’s close

** Stock has more than doubled this year as of Tuesday’s close ($1 = 64.2225 Indian rupees)

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