The Bajaj family drama has taken another turn. Shishir Bajaj, the estranged brother of Bajaj Auto Chairman Rahul Bajaj, is learnt to have sold part of his holding in the company to two overseas funds at Rs 505-590 a share.
While the markets were rife with speculation that Shishir Bajaj had sold his entire 6 per cent stake, sources in the Rahul Bajaj faction said he could not offload his entire stake without their consent. The Bajaj Auto scrip closed at Rs 479.80 on the Bombay Stock Exchange, up 0.63 per cent over Monday