Latest news with #BajajHoldings
Reuters
4 days ago
- Business
- Reuters
India's Bajaj Holdings sells stake worth $234 million in Bajaj Finserv via block deal
June 6 (Reuters) - Bajaj Holdings and Investment ( opens new tab said on Friday that it sold a 0.65% stake in financial services firm Bajaj Finserv ( opens new tab 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)
Bloomberg
4 days ago
- Business
- Bloomberg
Bajaj Finserv Founders Seek $679 Million From Share Sale
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Bajaj Holdings and Investment Ltd. and Jamnalal Sons Pvt., part of the founder group of Bajaj Finserv Ltd., plan to raise as much as $679 million collectively via a sale of shares in the financial unit of one of India's oldest conglomerates, according to terms of the deal seen by Bloomberg News.
Reuters
5 days ago
- Business
- Reuters
India's Bajaj Finserv founding firms to sell 1.6% stake for $554 million, ET NOW reports
June 5 (Reuters) - The founding firms of India's Bajaj Finserv ( opens new tab will sell at least a 1.58% stake they own in the financial services company in a deal worth 47.5 billion rupees ($554 million), news channel ET NOW reported on Thursday, citing sources. The firms, which include Jamnalal Sons and Bajaj Holdings and Investment ( opens new tab, will sell the 25.3 million shares they own in the secondary market at a floor price of 1,880 rupees per share, the report said. The reported floor price is at a discount to Bajaj's closing price of 1,944 rupees on Thursday. Bajaj Finserv's founding firms have an option to sell another 5.7 million shares, or a 0.36% stake they own in Bajaj Finserv, according to the report. Bajaj Finserv did not immediately respond to a request for comment. ($1 = 85.7990 Indian rupees)
