Even after the family split that happened in the Bajaj family a few years back, perhaps there is still room for more consolidation in the Group. Under a recent deal that took place on the bourses, Bajaj Auto Chairman Rahul Bajaj today hiked his stake in the company.

While the deal took place through a open market purchase of 5.90 lakh shares for Rs 164 crore, it is believed that the deal was a part of the consolidation drive in the Group.

If one goes by the block deal data that is available on the Bombay Stock Exchange, Rahul Bajaj purchased 5,90,000 shares (or a 0.40 per cent stake) for about Rs 164.04 crore.

Moreover, the holding of the Chairman of the company which was a few days back was .89% has now reached a level of close to 1.2%.

In fact, Ruparani Bajaj another promoter of the company also bought close to 1.3 lakh shares in the company. As per the data, the shares were sold by Rajivnayan Bajaj and Sanjivnayan Bajaj. It may be noted here that Hero Honda also had family split a few months back.