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Shares of Bajaj Housing Finance plunged over 9% to Rs 95.26 apiece in Tuesday’s trade; Key points for investors
Bajaj Housing Finance Shares
Shares of Bajaj Housing Finance plunged over 9% to Rs 95.26 apiece in Tuesday’s trade after 19.5 crore shares — representing 2.35% of the company’s equity and worth about Rs 1,890 crore — changed hands in a block deal at Rs 97 per share.
On Monday, the company had disclosed in an exchange filing that its promoter, Bajaj Finance, plans to divest up to 2% of its stake in Bajaj Housing Finance.
At the end of the September quarter, Bajaj Finance held an 88.7% stake in Bajaj Housing Finance.
The proposed divestment, capped at 166.6 million shares, is scheduled to be executed in one or more tranches between December 2, 2025, and February 28, 2026, the company said.
CNBC-TV18 reported that the deal size is likely to be around USD 176 million, with a base price of Rs 95 per share. This represents a discount of 9.6% compared with Bajaj Housing Finance’s closing price on Monday.
Bajaj Finance will also be subject to a 60-day lock-in period for any further sale of shares in the company.
Undertakings from the promoters — Bajaj Finance and Bajaj Finserv — confirm that they will not buy shares on the days when the sale is carried out, in line with the master circular issued by the Securities and Exchange Board of India (SEBI).
Bajaj Housing Finance was listed last year at an IPO price of Rs 70 per share and later touched a post-listing high of nearly Rs 190 before cooling off. The stock is now down nearly 50% from those peak levels.
On Tuesday, shares of Bajaj Housing Finance were trading 9.01% lower at Rs 95.08 apiece.
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Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, …Read More
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