Stocks

Bajaj Consumer in focus as promoters cut stake

| Updated on March 13, 2019 Published on March 13, 2019

 

Shares of Bajaj Consumer Care will remain in focus, as its promoter group firms have sold 6.85 per cent stake in the open market. Bajaj Resources, KNB Enterprises LLP and SKB Roop Commercial LLP sold 1.01 crore shares on Tuesday. After the share sale, promoters’ stake fell to 59.91 per cent in Bajaj Consumer. Meanwhile, in a separate notice, the company said it has engaged the services of Bain & Co, global management firm, to formulate a front-end strategy for growth.

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Published on March 13, 2019
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