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Bajaj Holdings Makes Strategic Investments in TCS and NTPC
Team Finance Saathi
17/Dec/2024
What's Covered Under the Article:
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Bajaj Holdings acquires TCS shares worth Rs. 21.72 crore and NTPC shares worth Rs. 7.00 crore as part of its investment strategy.
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Cumulative acquisitions in TCS and NTPC amount to Rs. 86.86 crore and Rs. 25.42 crore, respectively.
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The acquisitions were made through stock exchanges in the ordinary course of business, with no regulatory approvals required.
On 17 December 2024, Bajaj Holdings & Investment Limited (BHIL), a leading investment company, disclosed its recent acquisitions of shares in Tata Consultancy Services Limited (TCS) and NTPC Limited. The acquisitions align with the company's strategy to strengthen its diversified investment portfolio.
The company made the regulatory announcement in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as required for material disclosures. Here are the key details of the acquisitions:
Acquisition of TCS Shares:
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Date of Acquisition: 17 December 2024
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Cost of Acquisition: On the date of acquisition, BHIL purchased TCS shares worth Rs. 21.72 crore, bringing the cumulative investment in TCS to Rs. 86.86 crore.
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Shareholding Acquired: On the acquisition date, BHIL increased its shareholding in TCS by 0.0014%, resulting in a cumulative shareholding of 0.0055%.
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Purpose: The acquisition of TCS shares is part of BHIL's ordinary business operations as an investment company.
Tata Consultancy Services (TCS), a globally recognized IT services and consulting company, continues to deliver robust performance in the technology sector. By increasing its stake in TCS, BHIL demonstrates confidence in the long-term growth and stability of the IT giant.
Acquisition of NTPC Shares:
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Date of Acquisition: 17 December 2024
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Cost of Acquisition: On the date of acquisition, BHIL purchased NTPC shares worth Rs. 7.00 crore, bringing the cumulative investment in NTPC to Rs. 25.42 crore.
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Shareholding Acquired: On the acquisition date, BHIL increased its shareholding in NTPC by 0.0021%, resulting in a cumulative shareholding of 0.0072%.
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Purpose: Similar to the TCS acquisition, the purchase of NTPC shares falls within BHIL’s regular investment activities.
NTPC Limited, India’s largest power generation company, operates across thermal, hydro, and renewable energy segments. With its focus on sustainability and expansion in the energy sector, NTPC remains an attractive investment option for long-term investors like BHIL.
Strategic Intent Behind the Acquisitions:
Bajaj Holdings & Investment Limited is primarily an investment company with a focus on enhancing shareholder value through prudent investments in established, high-performing companies. These acquisitions reflect the company’s continued strategy to:
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Diversify its portfolio: By investing in sectors like IT services (TCS) and power generation (NTPC), BHIL ensures a balanced exposure to growth-oriented and stable industries.
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Capitalize on market opportunities: Acquisitions made through stock exchanges allow BHIL to make efficient investments while minimizing transaction costs.
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Enhance long-term returns: Both TCS and NTPC have strong fundamentals, offering potential for consistent growth and dividends.
Regulatory Compliance:
BHIL confirmed that the acquisitions do not fall under related party transactions, and no regulatory or governmental approvals were required for completing the share purchases. The acquisitions were executed transparently through stock exchanges in the ordinary course of business.
Financial Impact:
With cumulative investments reaching Rs. 86.86 crore in TCS and Rs. 25.42 crore in NTPC, BHIL continues to reinforce its position as a leading institutional investor. These strategic moves are expected to yield positive returns over time, contributing to the company’s overall financial performance.
About Bajaj Holdings & Investment Limited:
Bajaj Holdings & Investment Limited (BHIL), part of the Bajaj Group, is a registered non-banking financial company (NBFC) primarily engaged in making long-term investments. BHIL holds strategic stakes in key Bajaj Group companies, including Bajaj Auto, Bajaj Finserv, and Bajaj Finance. The company’s diversified portfolio also includes investments in publicly traded entities across various sectors.
For further details and real-time updates on Bajaj Holdings' investments and other financial news, explore our latest insights on Top News Headlines. Interested investors can also check out the Best IPOs to Apply Now for upcoming opportunities in the market.
Conclusion:
The recent acquisitions of shares in TCS and NTPC underline BHIL’s commitment to prudent and value-driven investments. By expanding its exposure to the technology and energy sectors, Bajaj Holdings continues to position itself for sustainable growth and enhanced shareholder value in the years to come.