Bajaj Finance\’s housing finance subsidiary will raise ₹4,000 crore through an initial public offer (IPO) to comply with Reserve Bank of India (RBI) regulations, the company said in a stock exchange filing.
\”Board of the company has approved an IPO of equity shares… which comprises of fresh issue aggregating up to ₹4,000 cr and an offer for sale of equity shares subject to market conditions, receipt of applicable approvals, regulatory clearances and other considerations,\” the company told exchanges.
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