Bajaj Finserv Ltd. raised as much as 10 (%) per cent after VCCircle reports that Warren Buffett’s Berkshire Hathaway Inc. may invest in the Indian financial services company.
Bajaj Finserv, which denied it is in talks, jumped 8.1(%) per cent to 484.25 rupees as of 10:29 a.m. in Mumbai trading.
“We are neither in contact with anybody from Berkshire Hathaway nor are we alert of their interest in Bajaj Finserv,” Managing Director Sanjiv Bajaj said in an e-mail today.
Berkshire may buy a 5(%) per cent to 10(%) per cent stake in Bajaj Finserv from the stock market, VCCircle reported, without say where it obtained the information. Bajaj Finserv is the holding company of Bajaj Allianz Life Insurance Co. and Bajaj Allianz General Insurance Co.
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