India's Bajaj Holdings sells stake worth $234 million in Bajaj Finserv via block deal

Bajaj Holdings and Investment said on Friday that it sold a 0.65% stake in financial services firm Bajaj Finserv for 20.02 billion rupees ($233.8 million) via a block deal.

On Thursday, news channel ET Now had reported, citing sources, that Bajaj Finserv's founding firm Jamnalal Sons and Bajaj Holdings and Investment would sell a combined 1.58% stake in the financial services firm via block deals, with an option to sell an additional 0.36% stake.

($1 = 85.6200 Indian rupees)