We advised Bajaj Finance Limited (the “Company”) as their legal counsel under Indian law on a fundraise aggregating to ₹10,000 crores. The fundraise involved issuance of warrants convertible into an equivalent number of equity shares aggregating to ₹ 1,200 crores to the Company’s promoter, namely, Bajaj Finserv Limited on a preferential basis, and a further issuance of equity shares aggregating to ₹ 8,800 crores by way of a qualified Institutional placement (“QIP”).
The allotment pursuant to the preferential issue was completed on November 2, 2023, while the QIP opened on November 6, 2023 and closed on November 9, 2023.
The transaction team comprised of Yash J Ashar, Abhinav Kumar, Akshay Singh Ralhi, Indira Satish, Hitesh Nagpal, Lajja Mehta and Zeb Burk.
