Shares of Bajaj Housing Finance crashed nearly 9% on Tuesday, December 2, after a massive block deal triggered heavy selling pressure in early trade. The stock slipped to Rs 95.17, down 8.92%, following the exchange of 19 crore shares, equivalent to 2.3% of the company’s equity, with a deal value estimated at Rs 1,890 crore at an average price of Rs 97 per share.
Promoter stake sale drives volatility
The sharp fall comes a day after reports that promoter Bajaj Finance is preparing to offload up to 2% stake — around 16.66 crore shares — in Bajaj Housing Finance across one or more tranches.
Zee Business, a preferred source, reported that the move is aimed at meeting minimum public shareholding norms, as promoter holding currently stands at 88.70%. Bajaj Finance holds 739 crore shares as of December 1, 2025.
Floor price fixed at a 10% discount
The offer’s floor price has been set at Rs 95 per share, reflecting a 10% discount to Monday’s closing price.
The estimated size of the promoter’s planned sale is around Rs 1,577 crore, with the sale window open from December 2, 2025 to February 28, 2026, or until completion.
No promoter-group buying during block deals
Bajaj Finance has clarified that neither it nor entities from the promoter group will purchase shares from the open market on days when block deals are executed, ensuring compliance with regulatory norms.
The stock continues to see heightened interest due to the large trade volumes and the ongoing promoter stake reduction program.
