SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Bajaj Electricals acquires additional stake in Starlite Lightning

11 Jul 2017 Evaluate

Bajaj Electricals has acquired additional stake of 28 percent in Starlite Lightning. The company had advanced a sum of Rs 3.8 crore to Starlite Lightning as a short-term loan on a collateral security by way of pledge by the promoters of Starlite Lightning of 35 lakh (28 percent) equity shares of Rs 10 each held in Starlite Lightning under an agreement of pledge of shares dated February 23, 2007, with a right to the company to purchase the same, at a pre- determined consideration of Rs 3.50 lakh.

The company has now exercised its right to acquire these shares and with this acquisition, the shareholding of the company in Starlite Lightning has increased from 19 percent to 47 percent.

Bajaj Electricals is an electrical equipments manufacturing company. It is engaged in the manufacturing of domestic appliances such as water heaters, mixers, food processors, microwave ovens, air coolers, steam & dry irons, etc.

Bajaj Electricals Share Price

391.55 3.70 (0.95%)
17-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×