Bajaj Corp Ltd, a leading FMCG company with major brands in the hair care category, is planning to enter four non-hair care segments through both the organic and inorganic routes, a top company official said.
“We have plans to enter four non-hair care segments and are mulling possibilities, in both organic and inorganic routes. However, the inorganic growth will depend on category, margin and various other factors,” Bajaj Corp’s Non-Executive Chairman Kushagra Nayan Bajaj told reporters here on Wednesday without divulging further details.
The company today debuted on the National Stock Exchange, opening at a premium of over 15 per cent to its issue price of Rs. 660 at Rs. 760. It was trading up 18.40 per cent at Rs. 781.45 in early-morning trading.
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On the Bombay Stock Exchange, Bajaj Corp listed at Rs. 730, reflecting a gain of 10.60 per cent over the issue price.
In terms of volume, a total of over 22-lakh shares of Bajaj Corp were traded on the two bourses in early trade.