Bajaj Holdings & Investment Limited (BHIL) has recently made significant strides in expanding its portfolio with the acquisition of shares in three major companies: Tata Consultancy Services (TCS), HDFC Bank, and NTPC. The acquisitions were made as part of the company’s ongoing strategy to enhance its investment portfolio through market transactions.
The acquisition details for the three entities are as follows: BHIL acquired a total of 0.0006% of Tata Consultancy Services (TCS), amounting to Rs. 10.32 Crore. In the case of HDFC Bank, the company acquired 0.0007% of the bank’s shares, valued at Rs. 9.32 Crore. Additionally, BHIL also acquired a stake of 0.0021% in NTPC, valued at Rs. 7.37 Crore. The combined cost of these acquisitions up to date totals Rs. 54.07 Crore for TCS, Rs. 544.10 Crore for HDFC Bank, and Rs. 7.37 Crore for NTPC.
All acquisitions were executed through the stock exchanges as part of BHIL’s normal investment operations. These acquisitions were made without any regulatory or governmental approvals, as the shares were acquired in the ordinary course of BHIL’s business.
While the acquisitions will not lead to any immediate changes in the company’s structure, BHIL is continuously optimizing its investments to ensure steady long-term growth. The acquired companies—TCS, HDFC Bank, and NTPC—are leaders in their respective industries, making these investments significant for the overall health and performance of BHIL’s portfolio.
BHIL, being a part of the Bajaj Group, has maintained its position as a prominent investor in various sectors, including finance, energy, and technology. The company’s strategic investments in blue-chip stocks reflect its prudent and diversified approach to wealth creation.
