Bajaj Finserv shares in focus as promoters plan Rs 4,750 crore worth stake sale via block deal

Time of India

a day ago

Shares of
Bajaj Finserv
are expected to be in focus on Friday, June 6, following news that its promoter entities,
Bajaj Holdings
& Investment Ltd and Jamnalal Sons Private Ltd, are set to likely offload a 1.6% stake in the company through a
block deal
valued at Rs 4,750 crore ($554 million).
According to reports, the promoters are also exploring an option to upsize the transaction by an additional Rs 1,078 crore ($126 million), which would involve the sale of another 5.7 million shares, or 0.36% shareholding. If exercised, the total deal size could swell significantly.
The proposed block deal will see approximately 25.3 million shares changing hands at an indicative floor price of Rs 1,880 per share, as per sources. Kotak Securities is likely to be the broker facilitating 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.
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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%.
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