Bajaj Consumer Care rises 2% after company hires global management consultant

Get real time updates directly on you device, subscribe now.

Bajaj Consumer Care rises 2% after company hires global management consultant

Bajaj Consumer Care shares gained another 2 percent intraday on March 14 after the company hired a global management consultant for growth strategies.

The stock was quoting at Rs 331, up Rs 2.55, or 0.78 percent on the BSE, at 1321 hours IST.

The erstwhile Bajaj Corp informed exchanges that it has engaged the services of Bain & Company.

“Bain will help Bajaj Consumer Care in formulating a front-end strategy for growth and also help in implementing it,” it said.

On March 13, the stock rallied 3.73 percent after promoter Bajaj Resources sold nearly 7 percent stake in the company through open market transaction. Analysts said the reason for stake sale could be to reduce the burden of pledged shares.

 

The company has high promoter pledge which is at 70.42 percent of total promoter stake which was reduced to 62.8 percent of promoter stake till date. Now total promoter shareholding fell below 60 percent.

Images are for reference only.Images gathered automatic from google.All rights on the images are with their original owners.

2019-03-16 13:16:12

Images are for reference only.Images gathered automatic from google.All rights on the images are with their original owners.

Get real time updates directly on you device, subscribe now.

Comments
Loading...

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Do NOT follow this link or you will be banned from the site!