Big Block Deal: 2.86 Crore Bajaj Finserv Shares Change Hands for ₹5,506 Crore

Image Source: Business Standard

This morning, Bajaj Finserv saw a major block deal on the National Stock Exchange. About 2.86 crore shares, which is roughly 1.79% of the company’s total equity, were traded at 9:35 am. The total value of the deal was ₹5,506 crore.

Here’s what happened:

The shares traded at ₹1,925 each, a bit higher than the floor price of ₹1,880. This suggests that buyers were eager to get in at a premium.
The sellers in this deal were Bajaj Holdings & Investment Ltd and Jamnalal Sons, both promoter entities. They sold up to 1.94% of Bajaj Finserv’s equity. This is part of a larger stake sale plan worth ₹5,828 crore.
The block deal attracted strong demand. The original offer size was ₹4,750 crore, but it was increased thanks to a greenshoe option, which lets sellers offer more shares if there’s enough interest.

Bajaj Finserv has had a solid year. Its consolidated net profit for the last quarter rose 14% to ₹2,417 crore, and the annual profit for FY25 was up 9% at ₹8,872 crore.

The company’s total income for the year reached ₹1.33 lakh crore. Bajaj Finserv has recommended a final dividend of ₹1 per share.

The stock is up 23% so far this year, showing that investors remain confident in the company, even with promoters reducing their stake.

Source: CNBC-TV18, Moneycontrol,