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

30 Nov 2024 , 11:14 PM

Bajaj Holdings & Investment Ltd (BHIL) acquired shares worth ₹29 crore in three companies on November 28, 2024. These include Tata Consultancy Services (TCS), Mphasis, and Bharti Airtel.
The company acquired TCS shares worth ₹8.52 crore, which brought the new stake at 0.0006%. Mphasis shares worth ₹4.4 crore and Bharti Airtel shares worth ₹16 crore form part of the stake building by BHIL. BHIL has invested in software companies like Infosys and Tech Mahindra.
TCS, Infosys, and HCL Technologies of the IT major fell 2.4% even as rupee marked record low on Thursday. BHIL has sizeable stakes in Bajaj Auto, Bajaj Finserv, Maharashtra Scooters among others big group companies.
By the end of FY24, it has made investments and increased market value at ₹2.1 lakh crore with an acquisition value of ₹12,559 crore. BHIL has delivered 19.4% returns over five years with 2% dividend yield over the last five years.