On August 27, block deals worth ₹18 lakh took place on NSE. A significant transaction involved Bajaj Finserv, where promoter group entities sold a stake worth ₹4.5 lakh. Sunaina Kejriwal, Aryaman Family Trust, and Nirvaan Family Trust each sold 75,000 shares of Bajaj Finserv Limited at ₹1,713 per share.
Bachhraj and Co Private Limited acquired 2.25 lakh shares, representing a 0.01% stake in the company, at the same price.
Earlier this week, shares of Bajaj Finserv and Bajaj Finance saw a rise ahead of the ₹7,000 crore initial public offering (IPO) announcement of Bajaj Housing Finance, the mortgage lending arm. The IPO, expected to launch in the first half of September, will include a special quota for shareholders of Bajaj Finserv and Bajaj Finance, both classified as ‘promoters.’
Bajaj Finserv shares closed 2.46% higher at ₹1,727.60 on the day of the block deal.
