Bajaj Finserv’s stock witnessed a major event at a meeting before opening Friday, with 285 million shares, or 1.79% of the company’s total shares, changing the National Stock Exchange through Block Deal. The deal is worth approximately Rs 55,06 crore and is conducted before regular market time. The identity of the buyer and seller is not immediately known.
The stock rose 1% to Rs 1,968, climbing to Rs 1,989.60 in early trade before retreating to an intraday low of Rs 1,932.50. At 9:25 am, the Bajaj Finserv traded at nearly Rs 1,936.
Media reports indicate that the collective transaction is related to the sale of shares in the promoter entity. Bajaj Holdings and Investment Limited and Jamnalal Sons are reportedly looking to sell a 1.58% stake in the company. As of March 2025, Bajaj Holdings held 39.03% of the company’s shares, while Jamnalal Sons held 9.7% of the shares.
Bajaj Finserv recently reported a large number of large quantities in the fourth quarter of fiscal 2025, with consolidated net profit rising 14% year-on-year to Rs 24.117 crore. By comparison, the same quarter of the previous year was Rs 211.9 crore.
Earlier this year, the company announced plans to acquire the remaining 26% stake in Allianz SE in its Insurance Ventures. The deal, worth Rs 241,800 crore, will increase ownership of Bajaj Finserv in Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance to 100%, up from 74% at present. The agreement is awaiting regulatory permission from the Indian Insurance Regulatory and Development Agency and the Indian Competition Commission.
Bajaj Finserv shares have risen 18.3% over the past six months. On a one-year basis, the stock grew 28.15% and supported by good financial performance and sustained growth in its core business. The company is the financial services division of Bajaj Group, whose operations cover loans, insurance, asset management and wealth solutions.
Stocks of Bajaj Finance, SBI cards and other non-bank financial services companies surged sharply on June 6 after Reserve Bank of India Governor Sanjay Malhotra announced the results of the monetary policy committee meeting. The announcement included a 50 basis point reduction in the benchmark repo rate, while a 100 basis point reduction in the cash reserve ratio. These measures are seen as highly supporting credit growth and liquidity in the financial system.
