Bajaj Corp surges 6% on board nod for raising FII limit

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26 Aug, 2025 12:21

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Shares of Bajaj Corp climbed as much as 6.3 percent intraday Friday after the board approval for raising FII investment limit in the company.

"The board of directors of the company today has passed necessary resolution for increase in the limit of total holding of all registered foreign portfolio investors (foreign institutional investors and qualified foreign investors) from existing 24 percent to 49 percent," said the company in its filing.

The above FII limit is subject to approval by shareholders by way of special resolution.

The board has also approved convening an extraordinary general meeting of the shareholders of the company on December 30, 2014 to seek shareholders approval for increase in FII investment limit.

Bajaj Corp is the FMCG company with major brands in hair care category.

At 14:42 hours IST, the stock was quoting at Rs 327.30, up Rs 12.20, or 3.87 percent on the Bombay Stock Exchange.