Jamnalal Sons Offloads 18.2M Bajaj Finserv Shares at ₹1,925.20 Each

In a significant market transaction, Jamnalal Sons Pvt Ltd has sold 18.2 million shares of Bajaj Finserv Ltd at ₹1,925.20 per share, according to exchange data. The sale, executed through bulk deals, is expected to impact Bajaj Finserv’s stock movement in the coming sessions.

 

While the exact buyer details remain undisclosed, market analysts suggest that this divestment could be part of a broader portfolio restructuring by Jamnalal Sons. Bajaj Finserv, a key player in India’s financial services sector, has been actively consolidating its holdings, including recent acquisitions in Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance.

 

The transaction comes amid Bajaj Finserv’s ongoing strategic realignment, which includes acquiring Allianz SE’s 26% stake in its insurance joint ventures. This move is expected to strengthen Bajaj Finserv’s control over its insurance businesses and enhance long-term growth prospects.

 

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Source: Moneycontrol | Business Standard | Economic Times