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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
With its latest Rs 10,000 crore fundraise, the NBFC plans to get into new businesses and grow faster than it ever has.
Bajaj Finance is raising money. A lot of it, going by its announcement earlier this month.
It plans to do this by way of a qualified institutional placement of shares—to raise around Rs 8,800 crore—and a preferential issue—for the remaining Rs 1,200 crore—to its parent, Bajaj Finserv. The target for wrapping up the fundraise is January 2024.
Now, why would a company that is already India’s largest non-banking financial company by loan book size and more than adequately capitalized need so much money? Especially when it has been raising capital at regular intervals, the last one being a Rs 8,500 …
Purpose-driven finance has powered the digital lender’s growth, but its durability remains in question.
The fintech’s financial services business has done reasonably well in Q4 FY26. But upping its lending game without the NBFC tag will be a tall task.
Alongside a decent set of numbers, the Mukesh Ambani-helmed financial services co. has articulated a long-term playbook that could reshape the competitive landscape of financial services.
