Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
ELPROINTL · price
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Awaiting price reaction for this filing.
Elpro International Limited has acquired 34,700 equity shares of Bajaj Finance Limited for a total consideration of ₹29.96 crore in cash. The purchase was made purely as an investment, taking Elpro's total holding in Bajaj Finance from 14,109 shares to 48,809 shares. Bajaj Finance is a large RBI-registered NBFC with consolidated revenue from operations of ₹69,683.51 crore in FY 2024-25. The transaction is not a related-party deal and required no government or regulatory approvals. Elpro's main business remains outside financial services, so this is treated as a treasury/investment allocation.
This is a small portfolio investment by Elpro and is unlikely to move the stock meaningfully. However, it signals that the company is deploying surplus cash into a high-quality listed financial name, which is mildly positive for shareholder confidence.