India's Bajaj Finance picks banks to arrange share sale of $1b

India's Bajaj Finance picks banks to arrange share sale of $1b

A pedestrian walks past a Nomura Securities Co. branch, a unit of Nomura Holdings Inc., in Tokyo, Japan, on Thursday, Oct. 27, 2016. Nomura's second-quarter profit jumped 31 percent as trading income made up for a slump in its retail brokerage business. Photographer: Kiyoshi Ota/Bloomberg

Indian shadow lender Bajaj Finance Ltd. has picked banks including Nomura Holdings Inc. and Kotak Mahindra Bank Ltd. to arrange a share sale of about $1 billion, according to people with knowledge of the matter.

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