Bajaj Housing Finance debut boosts Bajaj Group’s market capitalisation | Information on Markets

A stellar market debut of Bajaj Housing Finance  Ltd (BHFL) on Monday helped the Bajaj Group cut back its market capitalisation (mcap) hole with the Adani group. BHFL’s mcap stood at Rs 1.37 trillion on Monday, greater than double its preliminary public providing price-based valuation of round Rs 58,300 crore. This added greater than 10 per cent to Bajaj Group’s mcap, pushing it from Rs 12.1 trillion on Friday to Rs 13.6 trillion on Monday, a 9.3 per cent improve.

 

As compared, the third-ranked Adani Group’s mcap rose by 2.1 per cent on Monday to Rs 16.7 trillion. The Tata Group stays the nation’s largest enterprise group with a mcap of Rs 34.7 trillion on Monday, marginally down from Rs 34.8 trillion on Friday. It’s adopted by the Mukesh Ambani group with a mcap of Rs 22.68 trillion, barely down from Rs 22.71 trillion on Friday.

 

Inside the Bajaj Group, Bajaj Finance stays the highest agency with a mcap of Rs 4.55 trillion on Monday. It’s adopted by Bajaj Auto (Rs 3.26 trillion) and Bajaj Finserv (Rs 2.97 trillion). Bajaj Housing Finance is a subsidiary of Bajaj Finance, which is itself a subsidiary of Bajaj Finserv.

The group’s listed holding firm Bajaj Holdings is the principle promoter of Bajaj Finserv with a 39 per cent stake on the finish of June.