Bajaj Holdings Acquires Additional 0.13% Stake in Bajaj Finserv for ₹370.53 Crores
Bajaj Holdings & Investments has acquired an additional 0.13% stake in Bajaj Finserv for ₹370.53 crores, increasing its total ownership to 38.41%. The strategic investment demonstrates the holding company's confidence in Bajaj Finserv's business prospects and strengthens its position in the financial services sector. The substantial investment amount for the relatively small stake increase reflects the high market valuation of Bajaj Finserv shares.
Bajaj Holdings & Investment Ltd. Sees Significant Block Trade on NSE
A block trade of 26,256 shares of Bajaj Holdings & Investment Ltd. was executed on the NSE at Rs. 10,587.50 per share, totaling Rs. 27.80 crores. The company recently submitted its certificate under Regulation 74(5) of SEBI for the quarter ended March 31, 2023, confirming compliance with demat request processing and security listing regulations.