Shares of Bajaj Housing Finance plunged around 9% on Tuesday, sliding to a 52‑week low of ₹94.90 following news of a large block deal by its promoter, Bajaj Finance. The announcement sparked investor concerns about dilution and the sudden sale weighed heavily on the stock.
Bajaj Finance intends to offload up to 2% of BHFL’s equity, roughly 16.66 crore shares, in one or more tranches. Market estimates suggest the deal could involve up to 2.35% stake, about 19.5 crore shares, at a price near ₹97 per share. The move is reportedly aimed at helping BHFL comply with minimum public shareholding norms, as Bajaj Finance currently holds 88.70% of BHFL’s total paid-up capital.
The divestment process may take place between December 2, 2025, and February 28, 2026, depending on market conditions and regulatory approvals.
Despite the stock reaction, BHFL has shown solid financial performance. For the quarter ended September 2025, it posted a net profit of ₹643 crore, up 18% from a year ago, and revenue of ₹2,755 crore, a 14% increase.
Since its listing in September 2024, the stock has declined about 23% and currently trades below both its 50‑day and 200‑day moving averages. Technical indicators suggest oversold conditions, but the large promoter sale has unsettled investors.
Analysts note that market confidence will likely hinge on how smoothly the stake sale is executed and whether the share price stabilizes post-transaction. For now, BHFL remains under close watch as the block deal progresses.
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