Bajaj Holdings & Investment has sold 1.04 crore equity shares of its associate -- Bajaj Finserv (BFS), for an aggregate consideration of Rs 2,002.21 crore through block deal. The sold shares contributed around 0.65% of paid-up capital of BFS. Post transaction, BFS continues to be an associate of the company.
Bajaj Holdings & Investment (BHIL) is essentially a holding and investment company focusing on earning income through dividend, interest and gains on investments held.