Bajaj Finserv Limited has approved the subscription to convertible warrants of its subsidiary, Bajaj Finance Limited , for an aggregate cash consideration not exceeding ₹5,800 crore. The Board of Directors authorized this preferential allotment during its meeting held on October 1, 2026.

This decision complements Bajaj Finance’s broader capital raising plan, which includes a Qualified Institutions Placement (QIP) of ₹11,700 crore, bringing the total proposed raise to ₹17,500 crore. The warrant issue is structured to signify promoter support and commitment, aiming to lend confidence to prospective investors rather than addressing immediate capital needs.

Structure of the proposed raise

The QIP involves issuing equity shares with a face value of Re. 1 each to Qualified Institutional Buyers. This issuance will comply with Chapter VI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Separately, the preferential issue entails the allotment of warrants convertible into an equivalent number of equity shares. These warrants are proposed to be allotted to Bajaj Finserv Limited, the promoter and holding company of Bajaj Finance. The terms specify that a minimum of 25% of the consideration must be paid upon allotment, with the remaining 75% payable at the time of share conversion.

Conversion and forfeiture terms

For the preferential issue, the warrants are convertible into equity shares that will be pari-passu with the company's fully paid-up equity shares. If the Proposed Allottee fails to exercise the option for equity shares within eighteen months from the date of warrant allotment, or within any other period permitted under SEBI ICDR Regulations, the consideration amount payable will stand forfeited by the company.

The issue price for the preferential allotment will be determined at a later stage in accordance with applicable laws. The disclosure was made pursuant to Part A Para A of Schedule III read with Regulation 30 of the SEBI Listing Regulations, 2015.

What the numbers show

Bajaj Finserv currently holds 51.30% of the total issued and paid-up equity share capital of Bajaj Finance. The subsidiary has demonstrated robust growth, with turnover rising from ₹46,938.80 crore in FY24 to ₹59,379.74 crore in FY25, and reaching ₹69,850.79 crore in FY26. The promoter's participation through warrants is exempt as a related party transaction under Regulation 2(zc) of the SEBI Listing Regulations, ensuring the process adheres to regulatory frameworks while reinforcing stakeholder confidence.

Bajaj Finance shares worth ₹106.02 crore changed hands on the NSE in a large-trade signal, with approximately 10,93,696 shares transacting at ₹969.40 per share.

This is a real-time large-trade signal, not a confirmed block or bulk deal. NSE/BSE publish official block and bulk deal reports only after market close — this trade may or may not appear there.

Large-trade signal details

The following table summarises the key parameters of the flagged activity:

The signal reflects a cluster of trades in Bajaj Finance shares printed within a short window at or near ₹969.40, flagged by a real-time trade-scanning system for size and speed. The activity has not been confirmed by the exchange as an officially reported event.

No buyer, seller, broker, or client identity is known at this stage. Such information, if applicable, is disclosed by the exchange only after market close through its official reporting mechanism.

What this is, and isn't

What this is, and isn't: this reflects trade-level activity — a cluster of trades in the stock above, printed within a short window at or near the quoted price, for a combined value as stated. It is generated by our real-time trade-scanning system and is not, by itself, evidence of a block or bulk deal.

A block deal has to be executed in the exchange's dedicated window (8:45–9:00am or 2:05–2:20pm), within a set price band, and above the current minimum order size (₹25 crore). A bulk deal is when one client's total trading in a stock crosses 0.5% of its equity in a single day — confirmed only once every trade that client made is added up.

Both are published by NSE/BSE after trading hours end, typically after 3:30pm — never before. If this trade qualifies as either, it will appear in the exchange's own report later today, not here first.