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Bajaj Resources offloads 22% stake of Bajaj Consumer Care for Rs 628 crore

Bajaj Consumer Care’s promoter–Bajaj Resources has on October 15 offloaded around 22 per cent stake in the company for Rs 628 crore through an open market transaction.

Bajaj Resources sold 3,22,65,100 shares representing 22 per cent equity stake of Bajaj Consumer Care at an average price of Rs 194.56.

Bajaj Consumer Care (Formally known as Bajaj Corp) is one of India’s leading producers of hair oils. The company is a part of the Shishir Bajaj Group companies (the Bajaj Group). The company markets its hair oil under the brand names Brahmi Amla, Amla Shikakai and Jasmine hair oil.