After the news of the Bajaj group hiking their stake in the flagship company Bajaj Holdings had just stopped making rounds, it's now the turn of the Bajaj holdings to hike its stake in Bajaj Electricals.

According to the recent news reports, the holding company of the Bajaj group has increased its stake by almost 19% in Bajaj Electricals by spending a whopping Rs. 76.88 crore via the route of open market transactions.

According to the data available for the December Quarter, Bajaj Holdings held a stake of 12.85% which is today standing tall at a mind-boggling 31.65%. Purchasing at a price band of Rs. 208 to 216 per share, the company bought 36.69 lakh shares of Bajaj Electricals which comes close to around 18.80%. Apart from this purchase, the three promoters, namely Anant Bajaj, Shekhar Bajaj and Kiran Bajaj have purchased an additional 36 lakh shares of Bajaj Electricals. However, the purchase in the latter case is more of an inter-se transfer of shares between the promoters.

Notably, the five promoters, namely Rahul Bajaj, Niraj Bajaj, Kumud Bajaj, Madhur Bajaj and Sanjivnayan Bajaj have sold a total of 72.69 shares at a price band of Rs. 208 to 216 per share.