Monday, February 8, 2016

Shares of Bajaj Capital open to selling upto 26% stake

Today's Share tips, Bajaj Capital Financial services major is unlocked to selling upto 26 per-cent stake to raise resources to fuel growth, a top official told in reports. "We are open to selling upto 26 per-cent of our stake to increase funds to fuel our growth plans in the financial products distribution business. Avendus Capital had been entrusted as our advisor," Director Anil Chopra said.

We are trying to invest aggressively in technology platforms for greater penetration and tapping tech savvy investors & traders, and for that we require resources, he told. Anil Chopra signaled that the organization could prefer technology backed companies for dilution of its stake, but contributed that the entire process is at a very early phase.

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