Promoters likely sell Rs 5,500 cr stake in Bajaj Finserv block deal

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Promoters of Bajaj Finserv likely sold equity worth Rs 5,506 crore on Friday in a large block deal. Around 2.86 crore shares reportedly changed hands at Rs 1,925 apiece.

According to earlier reports, Bajaj Holdings & Investment and Jamnalal Sons Pvt were expected to offload a 1.6% stake in the company through a transaction valued at Rs 4,750 crore ($554 million).


However, the identities of the buyers and sellers involved in the deal have not been officially disclosed.

Previous reports also indicated that the promoters were exploring an option to upsize the transaction by an additional Rs 1,078 crore ($126 million), involving the sale of another 5.7 million shares, or 0.36% equity.


Despite the large deal, the stock remained steady and was trading flat at Rs 1,940 following the transaction.

As of March 31, 2025, Bajaj Holdings held a 39.03% stake in Bajaj Finserv, while Jamnalal Sons owned 9.70%. The stake sale comes despite the company reporting strong financial performance.In Q4FY25, Bajaj Finserv posted a 14% year-on-year rise in net profit to Rs 2,417 crore, compared to Rs 2,119 crore in the same period last year. Revenue for the March-ended quarter also climbed 14% to Rs 36,595 crore from Rs 32,041 crore.Ahead of the block deal, Bajaj Finserv shares ended Thursday's session at Rs 1,943.50, down Rs 12.25 or 0.63% on the BSE.

Also read: Positive Breakout: These 5 stocks cross above their 200 DMAs

Bajaj Finserv share price history

Over the past year, Bajaj Finserv shares have gained 28.01%, while the year-to-date (YTD) return stands at 23.26%. In the last six months, the stock has risen 18.22%, and over the past three months, it has delivered a 7.85% return. However, in the most recent one-month period, the stock witnessed a decline of 4.04%.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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