Bajaj Finance Ltd.

Foreign investor Acacia II Partners LP has bought more than three lakh shares of Bajaj Finance for Rs 33 crore. Acacia has bought 3,00,803 shares of the company at an average price of Rs 1,100 per share through open market transaction.

Bajaj Finance, a subsidiary of Bajaj Finserv, is engaged in the business of consumer finance, SME finance and commercial lending. Bajaj Finserv proposes to convert Bajaj Finance into a bank as per the Reserve Bank of India’s February 2013 guidelines.