Around 19.5 crore shares, 2.35% of Bajaj Housing Finance’s equity, were traded through a block deal at Rs. 97 per share, worth Rs. 1,890 crore. Reports suggest the block deal was priced at a 9.6% discount to Monday’s close.
This comes just a day after the company disclosed through an exchange filing that Bajaj Finance intends to divest up to 2% of its stake.
The sale will allow Bajaj Finance to meet the minimum shareholder requirement under regulations. As of the recent quarter, owned 88.7% of the total share of the company, representing over 7.39 billion shares.
As per the filing, the sale may involve 166.6 million shares as part of this transaction from December 2, 2025, to February 28, 2026.
Bajaj Finance has also agreed to a 60-day lock-up on its additional sales of shares beyond the planned offloading. Both Bajaj Finance & the Promoter Shareholders (Bajaj Finserv) will be excluded from making any purchases of shares on the same days as the stake sale.