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Why Bajaj Finance Valuations Are Likely To Rebound After Fundraise
Purely based on price-to-book and historical average, there is a potential upside of 15% for the stock after the fundraise.
08 Nov 2023, 08:18 AM IST 
Bajaj Finance website. (Source: BQ Prime)
Bajaj Finance Ltd.'s stock may recoup erosion in valuation after the planned fundraise by the consumer-focused non-bank lender.The board of the lender for appliances-to-homes approved raising up to Rs 10,000 crore—Rs 8,800 crore through a qualified institutional placement of shares and Rs 1,200 crore via a preferential issue.The fundraise will increase the company's book value by an equivalent amount to Rs 70,000 crore. That will bri...
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