Bajaj Finance Housing Fin arm to raise Rs 4,000 crore

Bajaj Finance's housing finance subsidiary will raise ₹4,000 crore through an initial public offer (IPO) to comply with Reserve Bank of India (RBI) regulations, the company said in a stock exchange filing.

"Board of the company has approved an IPO of equity shares... which comprises of fresh issue aggregating up to ₹4,000 cr and an offer for sale of equity shares subject to market conditions, receipt of applicable approvals, regulatory clearances and other considerations," the company told exchanges.