Pune-based non-banking financial company (NBFC) Bajaj Finance is in discussions with four investment banks, including JM Financial, Citi, Morgan Stanley, and BofA Securities, to raise funds in the range of $800 million to $1 billion via the QIP (Qualified Institutions Placement) or preferential issue route, according to sources. The final decision on the fundraising is expected to be made during the upcoming board meeting scheduled for October 5. The funds are intended to enhance the company’s balance sheet and provide growth capital. Bajaj Finance had previously raised substantial capital through QIP in 2019, garnering strong interest from various investors, including Blackrock and GIC of Singapore.