A little sunlight would help India’s shadow banks, says ugalani:
Bajaj Finance has picked banks including Nomura and Kotak Mahindra Bank to arrange a share issue of $1 billion, Bloomberg reported on Sept. 5, citing people familiar with the matter. The company plans to sell the shares by December, the report added.
A filing on the same day said that the board of Bajaj Finance would meet on Sept. 17 to consider a proposal to raise funds via a so-called qualified institutional placement.
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