Bajaj Holdings and Investment Ltd. acquired a 0.0031% stake in NTPC Ltd. for ₹10.26 crore. The total acquisition stands at ₹35.68 crore. The acquisition was made through stock exchanges.
This acquisition is part of BHIL’s routine business operations as an investment company, made through stock exchanges.
The company confirmed that this transaction is not a related-party transaction, and no regulatory approvals were required for the acquisition. The acquisition does not have any significant impact on the core operations of Bajaj Holdings, as NTPC’s business falls outside the main line of business of BHIL.
BHIL has clarified that the acquisition is part of its ongoing investment strategy, without any major change in control or ownership in NTPC. The company continues to monitor such investments in the ordinary course of business.
Bajaj Holdings & Investment Ltd (BHIL) (formerly known as Bajaj Auto Ltd) is an India-based company. The company is acting as a primary investment company and focusing on new business opportunities. BHIL holds strategic stakes of 33.43% in Bajaj Auto Ltd. (BAL) 39.29% in Bajaj Finserv Ltd. (BFS) and 51% in Maharashtra Scooters Ltd. (MSL).
BHIL is essentially an investment company. Its focus is on earning income through dividends interest and profits on investments held. It is largely dependent on the equity and debt markets for its income.
On December 19, Bajaj Holdings & Investment’s share price traded 2.91% lower at ₹10,859 by 1:55 PM on the NSE. The stock opened at ₹11,025, lower than ₹11,184.05 at the previous close.
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.
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