Bajaj Auto sold 10 lac shares

A very important news that will catch your hold at ! In a bulk open market, today Bajaj Auto sold over 10 lac shares to another promoter entity Bajaj Holdings and investments. A move that will consolidate their stake , the value of shares is about Rs 180.45 crore.

Five promoters of Bajaj Auto sold 10,47,500 shares at a price between Rs 1,715 and Rs 1,730 per share. Today as per the block deal data which is available with the Bombay Stock Exchange today.



These shares were bought by Bajaj Holdings & Investment in a block deal .


As Bajaj Holdings & Investment is promoter group entity of Bajaj Auto. Bajaj Auto has got the second position in two wheeler segment. Promoters were Geetika Bajaj, Shekhar Bajaj, Anant Bajaj, Anant Trust and Ruparani Bajaj. Promoters' stake was 49.62 per cent in Bajaj Auto at december end as per the reports of BSE. Today Bajaj Auto got an up 1.35 per cent on BSE and it was closed at Rs 1,748.40.

One more important aspect is Rahul Bajaj, promoter of Bajaj electricals sold his 35,35,000 shares to Shekhar Bajaj.

Promoter Rahul Bajaj sold at a price of Rs 182.65 per share no.of shares were 18,60,000. Next lot of equities have 16,75,000,price was Rs 185 per share. These shares were bought in by Anant Bajaj and Shekhar Bajaj the price range was same.

The shares bought by Bajaj Auto Holdings were sold by Rahul Bajaj Rs 221 per piece no.of shares were 3,25,000 .