The shares prominent non-banking finance company fell up to 3 percent from the intraday high after the promoters are likely to offload 1.94 percent stake in the company via a block deal.
With a market capitalization of Rs 3.12 lakh crore, the shares of Bajaj Finserv Ltd were trading at Rs 1,955.95 per share, increasing around 0.64 percent as compared to the previous closing price of Rs 1,943.50 apiece.
According to the source, promoters Bajaj Holdings and Jamnalal Sons are expected to sell up to a 1.94% stake in Bajaj Finserv through block deals. The total deal size may reach ₹5,828 crore, with a floor price of ₹1,880 per share. This includes a base offer of ₹4,750 crore and a ₹1,078 crore greenshoe option.
At the end of the March quarter, Bajaj Holdings and Investment Ltd held 39.03% stake (62,31,42,140 equity shares), while Jamnalal Sons held 9.7% stake (15,49,00,840 equity shares) in Bajaj Finserv, as per data available on the exchanges.
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Looking forward to the company’s financial performance, revenue increased by 14 percent from Rs 32,041 crore in Q4FY24 to Rs 36,595 crore in Q4FY25. Further, during the same time frame, net profit increased by 16 percent from Rs 4,085 crore to Rs 4,756 crore.
In the company’s recent shareholding pattern, the Promoters of the company own 60.64 percent while Retail shareholders own a 22.71 percent stake in the company, and domestic Institutional Investors own an 8.99 percent stake.
Bajaj Finserv Limited is a holding company for various financial services businesses. It is engaged in the business of offering financial services such as finance, insurance, broking, investments, and others, including distribution using digital platforms through its investments in subsidiaries and joint ventures.
Written by Abhishek Singh
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