Bajaj Auto Promoter Sells Stake Worth ₹102.36 Million Via Block Deal

Bajaj Auto Ltd. promoter Sanjivnayan Bajaj on Wednesday sold 12,000 shares in the company through Siddhant Family Trust at ₹8,530 apiece, totalling ₹102.36 million. The block deal was executed on the National Stock Exchange.

The buyer was promoter group entity Bachhraj and Co. Pvt. Ltd., which held over 1.3% stake in Bajaj Auto as on March 31. The deal was struck at a premium of ₹62 over Wednesday’s closing price of ₹8,468.

As of March 31, Siddhant Family Trust held 218,354 shares in the company