Two of the biggest shareholders of India’s Bajaj Finserv sold a combined stake of 1.79% in the financial services company on Friday for 55.06 billion rupees ($642.5 million), exchange data showed.
Bajaj Holdings and Investment, which held a 39% stake in the company, sold 10.4 million shares at 1,925.20 rupees each, while Jamnalal Sons, which owned nearly 10%, offloaded 18.2 million shares at the same price.
Goldman Sachs, HDFC Mutual Fund and BofA Securities were among the buyers, according to the data.
Reuters
