Bajaj Holdings & Investment today said it would issue over 1.01 crore warrants to its promoters, thereby raising Rs 454.52 crore when converted into equity shares.     

The board of directors has fixed the issue price of Rs 449.58 per share for the preferential issue of up to 1.01 crore warrants to the promoters, Bajaj Holdings & Investment said in a filing to the Bombay Stock Exchange (BSE).     

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Shares of Bajaj Holdings today closed at Rs 428.60, up 6.83 per cent from its previous close on the BSE.

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