Sources had previously told CNBC-TV18 that Bajaj Finance is likely to raise up to Rs 18,800 crore via QIP. The indicative price for the fundraise is likely to be at 4 percent discount to current market price.
The festive season and end-of-year sale season in December attract higher volumes not just from platforms such as Amazon, and Flipkart, but also from brands that have an omni channel presence, the management said in the Q2FY24 earnings call.