Bajaj Housing Shares Slide 9% After Block Deal as Promoter Cuts Stake
Bajaj Housing Finance shares tumbled 9% on Tuesday following a major block deal by promoter Bajaj Finance, which moved to sell a 2% stake to comply with minimum public shareholding norms. The offer was reportedly placed at a floor price of ₹95 per share—about 9% lower than the previous close—triggering heavy turnover. As of December 1, the promoter group held 88.70% of the company’s equity, prompting the divestment plan scheduled between December 2, 2025, and February 28, 2026, in one or more tranches.
The stock has had a weak run in 2025, slipping 18% despite the BSE Financial Services index gaining 15% during the same period. On Tuesday, the shares opened at ₹95 on the NSE, valuing the company at ₹79,240 crore, with over ₹2,075 crore worth of shares traded. Meanwhile, Bajaj Finance shares edged up 0.46% to ₹1,025.15. The promoter assured that it would not purchase shares on days when the divestment activity takes place, ensuring compliance with market norms during the process.
Despite the stock fall, Bajaj Housing Finance continues to exhibit robust operational performance. The company delivered a strong September quarter with solid AUM and disbursement growth across product segments while maintaining margins and asset quality in a softening interest rate environment. Analysts, including MOFSL, believe the NBFC remains well-positioned to handle rising competition, supported by its disciplined underwriting and consistent profitability outlook.
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