Bajaj Hind sees block deal on BSE for 28.2 pct stake
MUMBAI, Dec 30 (Reuters) - About 39.9 million shares of sugar producer Bajaj Hindusthan Ltd (BJHN.BO: Quote, Profile, Research) representing 28.2 percent of its outstanding equity changed hands in two block deals on the BSE at a weighted average price of 64.50 rupees each.
Last week, the company had said Rahul Bajaj will buy a little more than 29 percent equity from the other promoters at market prices and will transfer his stake to his brother Shishir Bajaj as part of a family settlement. (Reporting by Bharghavi Nagaraju; Editing by Ramya Venugopal)
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