BHIL acquired TCS shares worth ₹8.52 crore, representing 0.0006% of the company’s equity, according to an exchange filing. It also bought shares of Mphasis for ₹4.4 crore and Bharti Airtel for ₹16 crore. While the stake in TCS was a fresh acquisition, BHIL already held stakes in Mphasis and Bharti Airtel, as per the company’s annual report for FY24. Other software companies in which it holds stakes include Infosys and Tech Mahindra.
Despite the rupee hitting a record low, the Nifty IT Index slid by 2.4% on Thursday, with top IT companies like TCS, Infosys, and HCL Technologies contributing nearly 20% of the Nifty50’s 360-point drop.
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Beyond its group entities, Bajaj Holdings has equity stakes in nearly 45 companies. The market value of its investment portfolio—comprising both strategic and financial investments—stood at ₹2.1 lakh crore at the end of FY24, with an acquisition cost of ₹12,559 crore.
As of March 2024, BHIL and its subsidiaries held strategic stakes in Bajaj Auto (36.7%), Bajaj Finserv (41.6%), and Maharashtra Scooters (51%). It also owns stakes in other group companies such as Bajaj Electricals, Bajel Projects, Hercules Hoists, and Mukand.
At the close of Thursday’s trade, Bajaj Holdings had a market capitalisation of ₹1.15 lakh crore, bringing the group’s total valuation to ₹11.5 lakh crore, ranking it as the fifth-largest conglomerate in the country.
The company has consistently delivered robust returns to its shareholders through dividends and capital appreciation. Over the past five years, BHIL has generated a total return of 19.4%, with a dividend yield of around 2%.
Shares of Bajaj Holdings ended Thursday’s session at ₹10,326.45 on the NSE, up 1.02% from the previous close. So far in 2024, the stock has surged by 35%, significantly outperforming the Nifty50, which gained 10%.
(Edited by : Sheersh Kapoor)
