Bajaj Holdings & Investment Limited — Important, 18-12-2024: General Updates

Bajaj Holdings & Investment Limited has acquired a 0.0031% stake in NTPC Ltd, amounting to approximately ₹10.26 Cr on the acquisition date, with a cumulative investment of ₹35.68 Cr for a total holding of 0.0103%. This acquisition is part of BHIL's ordinary investment activities and does not involve related party transactions. There are no regulatory approvals required for this transaction. The strategic rationale focuses on expanding BHIL's investment portfolio within the energy sector, leveraging growth opportunities in a stable industry. Investors may view this as a positive move that aligns with BHIL’s long-term investment strategy, enhancing its core assets.