Bajaj Holdings raises stake in Bajaj Auto

MUMBAI: Promoters of Bajaj Auto on Wednesday sold over 10 lakh shares to another promoter entity Bajaj Holdings & Investment in a bulk open market deal valued about Rs 180.45 crore, a move that will consolidate their stake. (Watch)

As per the block deal data available with the Bombay Stock Exchange, five promoters of Bajaj Auto sold 10,47,500 shares at a price between Rs 1,715 and Rs 1,730 per share. Bajaj Holdings & Investment bought these shares in a block deal in the same price range. The deal is valued worth Rs 180.45 crore.

Bajaj Holdings & Investment is promoter group entity of Bajaj Auto—the country’s second largest two-wheeler maker.
The promoters, who sold their shares in Bajaj Auto include Shekhar Bajaj, Geetika Bajaj, Ruparani Bajaj, Anant Bajaj and Anant Trust.

Promoters stake in Bajaj Auto at the end of December quarter stood at 49.62%, as per BSE data. Bajaj Auto closed at Rs 1,748.40, up 1.35% on BSE on Wednesday.