FII sells 13 lakh Bajaj Finance shares for Rs 163 crore
Mumbai: Foreign institutional investor El Dorado Holdings today offloaded nearly 13 lakh shares of Bajaj Finance for Rs 163 crore.
Earlier this week, the FII had sold 5 lakh shares of Bajaj Finance.
As per bulk data available with the stock exchanges, El Dorado Holdings II Ltd sold 9,91,500 shares on the NSE and El Dorado Holdings I offloaded 3 lakh shares on the BSE.
The shares were sold at an average price of Rs 1,260, aggregating the deal size to Rs 162.72 crore.
Meanwhile, HDFC Standard Life Insurance has picked up 6.25 lakh shares in the non-banking finance company for Rs 78.75 crore.
As on Dec 11, El Dorado Holdings II Ltd held 16.55 lakh shares, or 3.87 percent stake, in Bajaj Finance, El Dorado Holdings I Ltd owned 6.07 lakh shares or 1.42 percent holding in the NBFC firm.
Shares of Bajaj Finance fell by 2.9 percent to close at Rs 1, 264 apiece on the BSE.