For consideration of Rs 17 crore
Bajaj Finance announced that the Company on 01 November 2014 has purchased 100% shares (i.e. 3.90 crore shares of Rs 10 each) of Bajaj Financial Solutions together with its subsidiary, Bajaj Financial Securities, for a consideration of Rs 17 crore, on an arm's length basis, from the holding company Bajaj Finserve, to promote the business of Housing Finance.The said transaction was approved by the Board of Directors at their meeting held on 14 October 2014.
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