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Time of India
4 days ago
- Business
- Time of India
Bajaj Finserv promoters to sell 2% stake, eye Rs 5.8k crore
MUMBAI: Two promoter entities of financial services major Bajaj Finserv are set to sell nearly 2% of the company through block deals on Friday, aiming to raise about Rs 5,800 crore ($679 million). Bajaj Holdings & Investment and Jamnalal Sons have put 3.1 crore Bajaj Finserv shares on the block at a base price of Rs 1,880, as shown in the term sheet for the deal. Currently, the Bajaj family holds about 60.6% in the NBFC major. If the two entities sell the entire stake put on the block, the promoters' stake will decrease to 58.7%, currently worth about Rs 1.8 lakh crore. The base price of the shares being offered is Rs 1,880, a 3.3% discount to Bajaj Finserv's Thursday closing at Rs 1,944 on NSE. At the initial stage of the deal, the promoters are offering a little over 2.5 crore shares of Bajaj Finserv, translating to about 1.6% of the company. At the base price, this stake will fetch about Rs 4,750 crore ($554 million) for the promoter family, as indicated in the term sheet. In case there is strong demand for the shares of the NBFC major, they will offer an additional 57 lakh shares (0.36%) of the company. This will accrue an additional Rs 1,078 crore ($126 million) to the promoters. Lately, the revival in the stock market prompted several promoters to offload part of their overall holding in their companies. In May alone, promoters sold about Rs 48,000 crore worth of stocks in their companies through block deals, reports showed. Last month, Singapore Telecom, one of the promoters of telecom services major Bharti Airtel, sold part of its stake in the company for about Rs 13,300 crore. In another large block deal, BAT, a promoter of tobacco to FMCG major ITC, sold part of its stake for over Rs 12,000 crore. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Standard
30-05-2025
- Business
- Business Standard
Bajaj Holdings & Investment consolidated net profit declines 36.47% in the March 2025 quarter
Sales decline 88.01% to Rs 145.26 crore Net profit of Bajaj Holdings & Investment declined 36.47% to Rs 1725.49 crore in the quarter ended March 2025 as against Rs 2716.12 crore during the previous quarter ended March 2024. Sales declined 88.01% to Rs 145.26 crore in the quarter ended March 2025 as against Rs 1211.84 crore during the previous quarter ended March 2024. For the full year,net profit declined 10.27% to Rs 6520.67 crore in the year ended March 2025 as against Rs 7267.21 crore during the previous year ended March 2024. Sales declined 58.49% to Rs 684.42 crore in the year ended March 2025 as against Rs 1648.69 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 145.261211.84 -88 684.421648.69 -58 OPM % 71.0297.10 - 73.7291.49 - PBDT 1797.802739.57 -34 6781.617526.37 -10 PBT 1789.352731.09 -34 6747.837492.51 -10 NP 1725.492716.12 -36 6520.677267.21 -10
Time of India
22-05-2025
- Business
- Time of India
Large & midcaps give a photo finish on 1-year returns, smallcaps trail by margin
Midcaps slightly outperformed largecaps over the past year, while smallcaps lagged. FIIs leaned toward largecaps amid valuation pressures in broader markets. Live Events Largecap leaders Find this comment offensive? Choose your reason below and click on the Report button. This will alert our moderators to take action Name Reason for reporting: Foul language Slanderous Inciting hatred against a certain community Others Your Reason has been Reported to the admin. Stories you might be interested in It is a photo finish for large and midcap stocks in terms of returns over a 1-year period. The index returns of Nifty 100 and Nifty Midcap 100 remain neck-to-neck, though there is a slight edge enjoyed by the latter. In contrast, the Nifty Smallcap trails by a significant the 50-stock Nifty has a superior 12-month return of 10%, a comparison of top 100 stocks represented by Nifty 100, Nifty Midcap 100 and Nifty Smallcap 100 is a more like-to-like returns of Nifty 100 index stood at 7.4% as on May 20, 2025 and in this 53 stocks have delivered positive returns up to 64% while 44 stocks are in the red, falling by up to 57%. Meanwhile, the returns of Nifty Midcap 100 over a 12 month period stood at 8.3% with 48 stocks moving in the positive territory and 47 stocks were found to be trading in the for the Nifty Smallcap 100, the index has risen by 2.8% in the past one year with positive returns by 52 stocks while 42 stocks slipped into the red. Six stocks have not completed one year of data does not include changes of the past trading session and today's session as the latest data will be updated after market closing the Nifty 100 index, there are 34 stocks which have given double digit returns over a 1-year period and in this 20 stocks have given returns of 20% or more viz. Divi's Laboratories , Bajaj Holdings & Investment, Bharat Electronics (BEL), Shriram Finance Bharti Airtel , 34.22, The Indian Hotels Company (IHCL), United Spirits TVS Motor Company , Interglobe Aviation (Indigo), Kotak Mahindra Bank HCL Technologies , Mahindra & Mahindra, SBI Life Insurance Company and Tech Mahindra
