Bajaj Finance hits record high after QIP launch

The gains were seen after the company on Tuesday launched a share sale to institutional investors to raise Rs 4,500 crore. NSEBSEBajaj FinanceLoading data…

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    ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIES NEW DELHI: Shares of Bajaj Finance shot up over 3 per cent to hit fresh record high in Wednesday’s trade.

    The stock gained 3.2 per cent to hit an all-time high of Rs 1,851.45 on BSE.

    The gains were seen after the company on Tuesday launched a share sale to institutional investors to raise Rs 4,500 crore.

    The company is looking to sell 26.6 million shares at Rs 1,690 each, a 5.8 per cent discount to Tuesday’s close.

    The scrip has more than doubled this year as of Tuesday’s close.

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