Bajaj Finserv Block Deal: Promoters Sell Rs 5,506 Cr Stake, Stock Rises Despite Heavy Offload

In a major stock market transaction, Bajaj Finserv's promoter group has offloaded shares worth Rs 5,506 crore via a large block deal on Friday, June 6. The deal involved the sale of approximately 2.86 crore equity shares at Rs 1,925.20 per share, according to an exchange filing on the NSE.

Promoter entities, Bajaj Holdings & Investment Ltd and Jamnalal Sons Pvt. Ltd executed the deal, marking one of the biggest open market transactions in recent times for the Bajaj Group.

Shares Rise Despite Major Sale

Despite the heavy stake sale, Bajaj Finserv's stock showed resilience, climbing over 2% intraday on Friday. The stock traded strong, closing at Rs 1988.70 on the Bombay Stock Exchange (BSE), recovering from a minor discount to the block deal floor price of Rs 1,925.20.

The stock opened on a marginally high note at Rs 1,968 and made its intraday high at Rs 2,018.70. The stock saw some pressure in the day but made a quick bounce, indicating strong investor confidence in the company's fundamentals and future prospects.

On the other hand, shares of subsidiary Bajaj Finance jumped over 4% during trading, emerging as one of the top gainers on the Nifty 50 index.

Promoter Holdings

As of March 2025, Bajaj Finserv's promoter group held about 60.64% stake in the company, as per BSE data. Bajaj Holdings & Investment Ltd owns approximately 39%, while Jamnalal Sons Pvt. Ltd holds about 9.7%.

With this sale, the promoter stake is expected to dip slightly but will still remain above majority control, preserving the strategic hold over the company.

Block Deal and Market Sentiment

The floor price of Rs 1,925.20 set in the deal was modestly discounted to the previous day's close, which is typical in block deals to attract institutional investors. Kotak Securities managed the transaction, helping execute the large-volume trade efficiently.

While the identities of the buyers were not officially disclosed, such large transactions typically see interest from domestic mutual funds, foreign institutional investors, or long-term strategic buyers.

Strong Financials and Positive Outlook

Bajaj Finserv recently reported a 14% year-on-year rise in consolidated net profit to Rs 2,417 crore for Q4FY25. Its total consolidated income grew to Rs 35,596 crore, up from Rs 32,042 crore during the same quarter last year.

Bajaj Finserv is the holding company for financial services operations of the Bajaj Group, which includes Bajaj Finance, Bajaj Allianz Life Insurance, and Bajaj Allianz General Insurance.

According to a research report by Mirae Asset Sharekhan, Bajaj Finance's earnings growth remains healthy at 19% year-on-year, though the company has slightly revised its FY26 guidance downward for return ratios and assets under management (AUM) growth.

The brokerage believes strong growth visibility in the lending business and a healthy medium to long-term outlook for both insurance businesses will likely act as a positive trigger for strong consolidated earnings going forward. Additionally, scaling up of the new business would further support future performance.

However, the brokerage maintains a 'Buy' rating on Bajaj Finserv with a target price of Rs 2,350, citing strong growth visibility in lending, positive long-term trends in the insurance segment, and the scaling of new businesses as key drivers.