Financial service company Bajaj Finserv’s share prices surged by 8% to trade at 52 weeks high of Rs 16,390 on BSE on Tuesday after the company received SEBI’s approval to sponsor a mutual fund.
As of 12: 59 pm, the company was trading at Rs. 16,410.00 on BSE.
According to an exchange filing by the company, the Bajaj Finserv would be setting up an Asset Management Company and the Trustee Company, directly or indirectly i.e., itself or through its subsidiary following applicable SEBI Regulations and other applicable laws.
With the surge in prices, the company’s market capitalization crossed the Rs. 2.5 trillion marks.
Bajaj Finance share prices also went up by 4.08% to trade at Rs. 7,028.00.
