Europacific Growth Fund has sold 29.48 lakh shares of Bajaj Auto through the open market route. The shares were sold on an average price of Rs 2,449.97 valuing the transaction to Rs 722.25 crore.
Bajaj Auto is a $2.3 billion company founded in 1926. It is world’s fourth largest two and three-wheeler manufacturer. Bajaj Auto has three plants in all, two at Waluj and Chakan in Maharashtra and one plant at Pant Nagar in Uttaranchal.