Acquisition of equity shares of Bajaj Finserv Limited, an associate of the Company, from Bajaj Auto Holdings…
As filed · Bajaj Holdings & Investment Limited has informed the Exchange about Acquisition of equity shares of Bajaj Finserv Limited, an associate of the Company, from Bajaj Auto Holdings Limited, wholly owned s
OwnershipWatchMinormateriality 45 out of 100
What happened
FactBajaj Holdings & Investment Ltd. has acquired 20,90,050 equity shares of Bajaj Finserv Limited from Bajaj Auto Holding Limited for an aggregate consideration of ₹370.53 Crore. This acquisition was conducted through a block deal. Further details are provided in the attached annexure.
Why it matters
CapitSignal interpretationA large block changes hands at a negotiated price, which reveals what a informed buyer and seller agreed on outside the screen.
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Fact- Counterparties, where disclosed
- Price versus the traded price
Evidence
How CapitSignal classified this
- Reasoning:
- BLOCK_DEAL base 40; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%