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    HomeNewsBusinessMarketsAcacia buys 3 lakh Bajaj Finance shares worth Rs 33cr

    Acacia buys 3 lakh Bajaj Finance shares worth Rs 33cr

    Foreign investor Acacia II Partners LP today picked up more than three lakh shares of non-banking finance company Bajaj Finance for Rs 33 crore.

    August 12, 2013 / 21:28 IST
       
       
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      Foreign investor Acacia II Partners LP today picked up more than three lakh shares of non-banking finance company Bajaj Finance for Rs 33 crore.
          
      According to information available with the stock exchanges, Acacia II Partners LP bought 3,00,803 shares of Bajaj Finance through open market transaction.

      Also read: Will FM be able to live up to his CAD promise?
          
      The shares were purchased on an average price of Rs 1,100 valuing the transaction at Rs 33.08 crore, data showed.
          
      However, buyer of the shares could not be ascertained. Bajaj Finance, a subsidiary of Bajaj Finserv, is engaged in the business of consumer finance, SME finance and commercial lending.
          
      During April-June quarter, the company posted 27 percent growth in net profit at Rs 176 crore on account of healthy increase in disbursements.
         
      Bajaj Finance’s shares surged by 7.71 percent to settle at Rs 1,131.45 apiece on the BSE today.

      first published: Aug 12, 2013 09:28 pm

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