Bajaj Auto Ltd.

Bajaj Auto’s promoter entity -- Bajaj Auto Employees Welfare Fund -- has acquired over three lakh shares of the company for around Rs 60 crore through open market trade. Bajaj Auto Employees Welfare Fund bought 3,07,120 shares of the company from various entities including the company’s promoters -- Bajaj Sevashram and Jamnalal Sons -- at an average price of Rs 1,946 apiece.

At the end of July-September quarter, Employees Welfare Fund held 18.29 lakh shares of Bajaj Auto amounting to 0.63% stake. Jamnalal Sons and Bajaj Sevashram held 8.97% and 1.56% respectively.

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.