BHIL acquires Bajaj Finserv shares for ₹370.53 Cr
Bajaj Holdings & Investment Ltd (BHIL) has acquired 2,090,050 equity shares of Bajaj Finserv Limited (BFS), an associate company, from Bajaj Auto Holdings Limited (BAHL), a wholly-owned subsidiary of BHIL. The acquisition was executed through a block deal mechanism for an aggregate consideration of ₹370.53 Crore on April 27, 2026. This transaction is a related party transaction but is exempt under SEBI Listing Regulations as it occurs between a holding company and its wholly-owned subsidiary. The acquisition represents 0.13% of BFS's shareholding on the date of acquisition, bringing BHIL's cumulative holding to 38.41% at a cumulative cost of ₹1,104.94 Crore. As an investment company, BHIL states this acquisition is in the ordinary course of its business.
Key Highlights
- BHIL acquired 2.09 million Bajaj Finserv shares.
- Acquisition cost ₹370.53 Crore via block deal.
- Cumulative stake in Bajaj Finserv now 38.41%.
- Transaction is related party, exempt under SEBI rules.
- Acquisition is part of BHIL's ordinary business.