FII sells 13 lakh Bajaj Finance shares for Rs 163 cr

El Dorado Holdings offloaded nearly 13 lakh shares of Bajaj Finance at an average price of Rs 1,260, aggregating the deal size to Rs 162.72 crore.

Earlier this week, the Foreign Institutional Investor (FII) had sold 5 lakh shares of Bajaj Finance.

As per bulk data available with the stock exchanges , El Dorado Holdings II Ltd sold 9,91,500 shares on the NSE and El Dorado Holdings I offloaded 3 lakh shares on the BSE.

Meanwhile, HDFC Standard Life Insurance has picked up 6.25 lakh shares in the non-banking finance company for Rs 78.75 crore.

As on Dec 11, El Dorado Holdings II Ltd held 16.55 lakh shares, or 3.87 per cent stake, in Bajaj Finance, El Dorado Holdings I Ltd owned 6.07 lakh shares or 1.42 per cent holding in the NBFC firm.

With PTI inputs