Acacia buys 3 lakh Bajaj Finance shares worth Rs 33 crore

MUMBAI: Foreign investor Acacia II Partners LP today picked up more than three lakh shares of non-banking finance company Bajaj Finance for Rs 33 crore.

According to information available with the stock exchanges, Acacia II Partners LP bought 3,00,803 shares of Bajaj Finance through open market transaction.

The shares were purchased on an average price of Rs 1,100 valuing the transaction at Rs 33.08 crore, data showed.

However, buyer of the shares could not be ascertained. Bajaj Finance, a subsidiary of Bajaj Finserv, is engaged in the business of consumer finance, SME finance and commercial lending.

During April-June quarter, the company posted 27 per cent growth in net profit at Rs 176 crore on account of healthy increase in disbursements.

Bajaj Finance shares surged by 7.71 per cent to settle at Rs 1,131.45 apiece on the BSE today.