Bajaj Housing Finance plans to raise Rs 6,560 crore via a share issue and offer for sale. Promoter Bajaj Finance will reduce its stake from 100% to 88.7%. BHFL, a fast-growing mortgage lender with robust financials, seeks to leverage increasing mortgage demand.
Oil settles up over 1% on large draw from US crude stocks
Brent crude futures rose 91 cents, or 1.2%, to settle at $74.17 per barrel. U.S. West Texas Intermediate crude futures rose 98 cents, or 1.4%,