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Bajaj Corp strengthens on getting nod to hike in FII limit

Bajaj Consumer Care Ltd. | Household & Personal Products | FMCG | BSE: 533229 | NSE: BAJAJCON

28 Nov 2014 Evaluate

Bajaj Corp is currently trading at Rs. 327.05, up by 11.95 points or 3.79 % from its previous closing of Rs. 315.10 on the BSE.

The scrip opened at Rs. 315.85 and has touched a high and low of Rs. 335.00 and Rs. 312.00 respectively. So far 188748 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 345.80 on 25-Nov-2014 and a 52 week low of Rs. 198.00 on 13-Dec-2013.

Last one week high and low of the scrip stood at Rs. 345.80 and Rs. 270.00 respectively. The current market cap of the company is Rs. 4845.38 crore.

The promoters holding in the company stood at 75.00 % while Institutions and Non-Institutions held 17.09 % and 7.91 % respectively.

Bajaj Corp has received its board's approval to increase the aggregate investment limit of Foreign Institutional Investors (FIIs) from 24% to 49% of the paid-up equity capital. The board of directors of the company at its meeting held on November 28, 2014, has passed necessary resolution for increase in the limit of total holding of all Registered Foreign Portfolio Investors (RFPI) with existing class of investors namely FIIs and Qualified Foreign Investors (QFIs) registered with SEBI in respect of their existing shareholding in the Company, put together in equity share capital of the company from existing 24% to 49%.

Furthermore, the board has also approved convening an Extraordinary General Meeting (EGM) of the shareholders of the company on December 30, 2014 to seek shareholders approval for the aforesaid increase in limit.

Bajaj Corp is engaged in the manufacturing of hair oils. The company markets its hair oil under the brand names Brahmi Amla, Amla Shikakai and Jasmine hair oil.

Bajaj Corp Share Price

470.45 42.00 (9.80%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Hindustan Unilever	2241.10
Godrej Consumer Prod	1108.20
Dabur India	442.10
Colgate Palmol. (I)	2106.20
P&G Hygiene	10006.55
View more..

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Bajaj Corp strengthens on getting nod to hike in FII limit

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