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Bajaj Corp’s promoter puts on block 9.75% equity stake

19 Jul 2013 Evaluate

Bajaj Corp’s promoters have put on block 1.44 crore shares, or 9.75% equity stake, via offer-for-sale (OFS), to bring down their ownership to around 75% to meet public shareholding rules. The company has set the OFS price at Rs 200/ per shares, which is at a discount of 18.16% from its previous close of Rs 244.40 (Closing price as on July 18 on BSE). The Sale shall take place on the separate window of Stock Exchanges and commences on July 19, 2013.

The company reported a rise of 44.39% in its net profit at Rs 49.15 crore in Q4FY13 as compared to net profit of Rs 34.04 crore in the same quarter previous year. The total income of the company rose by 25.27% to Rs 184.18 crore as compared to Rs 147.03 crore in corresponding quarter last year. For the full year, the company has reported a net profit of Rs 167.38 crore for the year ended March 31, 2013, a jump of 39.39% as compared to Rs 120.08 crore for the year ended March 31, 2012. Total income has increased to Rs 606.71 crore in FY13 from Rs 473.31 crore in FY12, up by 28.18%.

Bajaj Consumer Care Share Price

625.30 5.00 (0.81%)
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Peers
Company Name CMP
Hindustan Unilever 2195.90
Godrej Consumer Prod 1000.40
Dabur India 423.65
Colgate Palmol. (I) 1997.95
P&G Hygiene 9269.80
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