Bajaj Finance Raises ₹1,588 Crore Through Stake Sale in BHFL
Stake Sale Details Bajaj Finance sold nearly 2% of its stake in Bajaj Housing Finance through a bulk deal, offloading 16.66 crore shares at ₹95.3074 per share
Why the Sale Happened The stake sale aims to help Bajaj Housing Finance meet Minimum Public Shareholding norms. Bajaj Finance held 88.70% stake before the sale
Shareholding After the Deal Post-transaction, Bajaj Finance’s holding in Bajaj Housing Finance reduces to 86.70%. The remaining stake continues to be held by public shareholders
BHFL Shares Tumble Post Deal Bajaj Housing Finance shares plunged over 9% intraday to ₹95, the lowest since listing in September 2024, before recovering slightly to close 7% lowered
BHFL’s Strong Market Debut The company listed in September 2024 at an 114% premium over its ₹150 IPO price. The ₹6,560-crore IPO saw strong demand, subscribed over 67 times