Bajaj Finance Readies Share Sale of Up to $1.2 Billion

Bajaj Finance Ltd. is set to sell shares to institutional investors to raise as much as 117 billion rupees ($1.2 billion) as soon as this week in Mumbai, according to Bloomberg, citing people familiar with the matter. The offering would be the first major Indian equity sale since Jio Platforms Ltd.’s record $3.1 billion initial public offering last month.