Venture Capital firm SAIF Partners has acquired a stake in FMCG company Bajaj Corp Ltd through an open market transaction. SAIF has invested Rs.57.6 cr. in Bajaj Corp ($8.8 million) for 1.4 million shares at Rs.400 each. Bajaj Corp Ltd is part of Shishir Bajaj Group that has interests in varied industries including sugar, consumer goods, power generation and infrastructure development.