Bajaj Holdings & Investment Limited Announces Strategic Acquisitions

On June 5, 2024, Bajaj Holdings & Investment Limited (BHIL) finalised deals to acquire stakes in Reliance Industries Limited and Tata Consumer Products Limited, marking a noteworthy move in its investment strategy.

The initial acquisition involves BHIL securing a small percentage (0.0022%) of shares in Reliance Industries Limited, a prominent player in India’s corporate landscape. The acquisition cost, amounting to ₹42.71 crore on the date of acquisition and cumulatively reaching ₹305.78 crore, demonstrates BHIL’s commitment to strategic investments. Notably, this acquisition was executed seamlessly without governmental or regulatory approvals.

Similarly, BHIL expanded its investment horizon by acquiring a stake in Tata Consumer Products Limited, a leading name in the consumer goods sector. With a shareholding of 0.0052% obtained for ₹5.71 crore on the acquisition date and ₹21.95 crore cumulatively, BHIL underscores its intent to diversify its investment portfolio. Much like the Reliance Industries Limited acquisition, this transaction did not necessitate governmental or regulatory approvals.

These acquisitions signify BHIL’s strategic vision and proactive approach to investment management. By venturing into diverse sectors through acquisitions, BHIL demonstrates its commitment to maximising shareholder value and capitalising on market growth prospects. Moreover, these acquisitions align with BHIL’s overarching objective of bolstering its investment portfolio with high-potential assets while maintaining prudent risk management practices.

The acquisitions were executed precisely and transparently, adhering to regulatory frameworks and corporate governance standards. Notably, both transactions were not related party transactions.

About Bajaj Holdings & Investment Limited

Bajaj Holdings & Investment Ltd. is an investment firm registered with RBI (Reserve Bank of India) as a Non-Banking Financial Institution specialising in investment and credit activities. The company’s investment portfolio aims to balance risk and suitable returns. According to the investment policy, at least 35% of the portfolio is invested in fixed-income securities, while a maximum of 65% is allocated to equity and equity-linked instruments. Its core objective is to generate revenue through dividends, interest, and investment gains.

On June 6, 2024, the share price of Bajaj Holdings & Investment Limited opened at ₹8,129.00, touching the day’s high at ₹8,145.00, as of 12:39 PM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.