Bajaj Housing Finance Shares Plunge as Promoter Stake Sale Looms
Bajaj Housing Finance shares experienced a significant plunge on Tuesday, December 2, 2025, dropping 9% to fall below the ₹100 mark. This sharp decline came after 19.5 crore shares, or 2.35% of its equity, worth ₹1,890 crore, were sold at ₹97 per share through a block deal window.
Bajaj Finance Ltd, the promoter of Bajaj Housing Finance, announced on Monday that it would be selling up to 2% of its stake in the company to comply with the minimum public shareholding requirements. The sale, capped at 166.6 million shares, is expected to occur in one or more tranches between December 2, 2025, and February 28, 2026.
At the end of the September quarter, Bajaj Finance held an 88.7% stake in the housing finance firm. The deal size is estimated to be around $176 million with a base price of ₹95 per share, representing a 9.6% discount compared to Monday's closing price for Bajaj Housing Finance.
Bajaj Finance will observe a 60-day lock-up period for the sale of further shares in the company. Promoters, including Bajaj Finance and Bajaj Finserv, have undertaken not to purchase shares on days when the sale is executed, in compliance with the Securities and Exchange Board of India (SEBI) regulations.
Bajaj Housing Finance made its stock market debut last year at an IPO price of ₹70 per share. The stock quickly reached a post-listing high of nearly ₹190 per share before cooling off. Currently, the stock is down nearly 50% from its peak levels.
Shares of Bajaj Housing Finance were trading at ₹95.08 apiece, down 9.01%, on Tuesday. This significant drop reflects the market's reaction to the large-scale stake sale and the potential implications for the company's future performance and share price dynamics.
The stake sale is a strategic move by Bajaj Finance to meet regulatory requirements and potentially raise funds for other business ventures. However, it has also raised concerns among investors about the company's valuation and future growth prospects. Despite the current downturn, Bajaj Housing Finance remains a significant player in the housing finance sector, with a strong track record and a robust business model.
