Bajaj Finance on December 2 announced that it has sold around 2 percent stake in its subsidiary Bajaj Housing Finance for a total consideration of approximately Rs 1,588 crore.
The company made the announcement in the post markets hours of Tuesday.
As at the end of the July-September quarter of the ongoing financial year 2026, Bajaj Finance held 88.70 percent stake in Bajaj Housing Finance, while the rest was held by the general public, according to data on the company's shareholding pattern.
After the stake sale, Bajaj Finance holds 86.70 percent stake in Bajaj Housing Finance.
Bajaj Housing Finance had made a bumper market debut in September last year, listing with a premium of 114 percent over the IPO issue price at Rs 150 per share. The Rs 6,560-crore initial public offer (IPO) saw strong investor interest during its three days of public bidding, being subscribed more than 67 times its offer size.
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