Bajaj Housing double on first day of trading after India's top IPO this year
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Bajaj Housing Finance Ltd shares more than doubled in their first day of trading on Monday after the Pune headquartered lender raised $781 million in its initial public offering in India’s largest public float this year.
The housing loans subsidiary of India’s largest shadow bank, Bajaj Finance Ltd IN:500034 , saw its share price increase 136% on Monday as investors piled into the newly-listed company.