Business Update6 Jun 2024, 12:03 am
Bajaj Holdings & Investment Acquires Shares in Reliance Industries Worth Rs. 305.78 Crore
AI Summary
Bajaj Holdings & Investment Ltd. (BHIL) has acquired shares in Reliance Industries Limited (RIL) in the ordinary course of business. The acquisition was made through stock exchanges on 5th June 2024, with a cost of Rs. 42.71 crore on the date of acquisition and a cumulative cost of Rs. 305.78 crore up to the date of acquisition. The acquisition represents 0.0347% of the total shares of RIL. BHIL, being an investment company, the acquisition of shares is in line with its main line of business. The acquisition does not require any governmental or regulatory approvals.
Key Highlights
- Bajaj Holdings & Investment Ltd. (BHIL) has acquired shares in Reliance Industries Limited (RIL) worth Rs. 305.78 crore.
- The acquisition was made in the ordinary course of business through stock exchanges on 5th June 2024.
- The cost of acquisition on the date of acquisition was Rs. 42.71 crore, with a cumulative cost of Rs. 305.78 crore up to the date of acquisition.
- The acquisition represents 0.0347% of the total shares of RIL.
- The acquisition does not require any governmental or regulatory approvals.