Jamnalal Sons buys Bajaj Holdings shares worth Rs 75 cr

Written by PTI | Mumbai | Updated: Sep 11 2013, 03:29am hrs
Jamnalal Sons, promoter of Bajaj Holdings & Investment Ltd, today picked up 9.14 lakh shares of the company for nearly Rs 75 crore from another promoter entity Bajaj Auto Employees Welfare Fund.

According to the information available with the bourses, Jamnalal Sons Pvt Ltd purchased 9,14,565 shares of Bajaj Holdings through open market route.

The shares were bought at an average price of Rs 817.50, from Bajaj Auto Employees Welfare Fund, valuing the transaction at Rs 74.77 crore, data showed.

As of April-June quarter, Jamnalal Sons held 1.55 crore shares, amounting to 13.99 per cent stake, of Bajaj Holdings, while Bajaj Auto Employees Welfare Fund is also a promoter entity.

Bajaj Holdings scrip moved up 0.66 per cent to close at Rs 823.40 on the BSE.