Bajaj Holdings Acquires Stakes in Mphasis, Bharti Airtel, and TCS

Bajaj Holdings & Investment Limited (BHIL), a leading investment company, announced a series of strategic acquisitions on 28th November 2024. These acquisitions include stakes in Mphasis Ltd., Bharti Airtel Ltd., and Tata Consultancy Services Ltd. (TCS), reinforcing BHIL’s position in key sectors such as technology and telecommunications.

Acquisition Details

Mphasis Ltd.

• Acquisition Details:
  BHIL acquired an additional 0.0079% stake in Mphasis on 28th November 2024, cumulatively holding 0.1585% in the company.
• Investment Value: Rs Rs 4.44 crore was invested on the acquisition date, bringing the total investment in Mphasis to Rs 70.87 crore.

Bharti Airtel Ltd.

• Acquisition Details:
  BHIL increased its holding in Bharti Airtel by 0.0016%, making its cumulative stake 0.0362%.
• Investment Value:
  The latest investment amounted to Rs 15.69 crore, with a total investment of Rs 152.36 crore in Bharti Airtel.

Tata Consultancy Services Ltd.

• Acquisition Details:
  BHIL made its initial investment in TCS, acquiring a 0.0006% stake.
• Investment Value:
  The total investment stood at Rs 8.52 crore as of the acquisition date.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.