Shares of Bajaj Housing Finance fell sharply on Tuesday, December 2, crashing nearly 9% in morning trade to Rs 95.17, after a massive block deal triggered heavy selling pressure on the NSE. The sudden decline comes amid a large promoter-linked stake sale that has unsettled investors.
A massive 19-crore share block deal hit the market
The key driver behind today’s steep fall is the execution of a 19 crore share block deal, representing 2.3% of the company’s equity, valued at approximately Rs 1,890 crore at an average price of Rs 97 per share.
Such large trades typically create short-term supply pressure, leading to sharp price corrections — exactly what was seen in today’s session.
Promoter stake sale triggers concerns
The block deal coincides with yesterday’s disclosure that promoter Bajaj Finance will offload up to 2% stake — equal to 16.66 crore shares — between December 2, 2025, and February 28, 2026.
Promoter holding currently stands at 88.70%, and the stake sale is aimed at meeting minimum public shareholding norms, as reported by Zee Business.
Floor price set at a 10% discount added to selling pressure
The floor price for the sale has been fixed at Rs 95 per share, nearly 10% discount to Monday’s closing price.
This discount reinforced bearish sentiment and contributed to today’s fall, as investors anticipated near-term price weakness due to the supply overhang.
No promoter buying allowed during offer period
Bajaj Finance also clarified that it and other promoter-group entities will not buy shares from the open market on days when block deals take place — a requirement to ensure smooth regulatory compliance.
This further signals continued selling activity in the coming weeks.
What today’s move means
The sharp intraday decline is largely a technical, supply-driven reaction to the large block deal and the start of the promoter’s mandated stake reduction process.
Fundamentally, no new negative developments have been announced by the company.
