Rahul Bajaj sells 5.6 lakh shares of Bajaj Auto to son Rajiv
Quotes

Rahul Bajaj sells 5.6 lakh shares of Bajaj Auto to son Rajiv

Last Updated: Monday, September 26, 2011, 20:46
 
 Comment 0
 
Rahul Bajaj sells 5.6 lakh shares of Bajaj Auto to son Rajiv

Mumbai: Bajaj Auto on Monday said one of its promoter Rahul Bajaj has sold 5.6 lakh shares to his son Rajiv Bajaj in a deal worth Rs 86 crore in an open market transaction.   

Rajiv Bajaj bought 5,60,000 shares of Bajaj Auto held by Rahul Bajaj for Rs 1,530 apiece, aggregating to Rs 85.68 crore through a block deal, according to data available on the National Stock Exchange on Monday.
 
At the end of June quarter, Rajiv Bajaj in his personal capacity held 6,100 shares in Bajaj Auto.
     
The 62-year, Rahul Bajaj held 3,904,904 shares in his name, represting a stake of 1.35 percent in the auto firm at the end of the June quarter.
 
Rahul Bajaj had stepped down as the managing director of the firm after the expiry of his term, passing the baton to his elder son Rajiv.

PTI




First Published: Monday, September 26, 2011, 20:46


Comments


comments powered by Disqus
Jaguar high-wire water crossing
Jaguar high-wire water crossing
2015 DFW Auto Show
2015 DFW Auto Show
Samsung Galaxy S6, Galaxy S6 Edge
Samsung Galaxy S6, Galaxy S6 Edge
Hyundai i20 Active
Hyundai i20 Active
Forbes` 10 Richest Indians 2015
Forbes` 10 Richest Indians 2015

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved