Bajaj group's Bajaj Finserv Ltd shares remained flat on Friday, June 6, even as around 2.86 crore shares were exchanged in a block deal window.
Bajaj Finserv shares worth Rs 5,506 crore exchanged hands at the price of Rs 1,925 per share, in the block deal window. Reports suggested the NBFC's promoters are the likely sellers, trimming their stake in the firm.
At 9.25 am, shares of the firm were quoting Rs 1,935.9, down half a percent on the NSE.
Earlier, reports had suggested that promoter group entities of Bajaj Finserv are planning to dilute part stake of 1.58 percent via the block deal route and raise around Rs 4,750 crore, multiple industry sources in the know told Moneycontrol. The promoter group currently holds 60.64 per cent stake in Bajaj Finserv.
"The block deal for the sale of the part stake of the promoters has been launched. There is also an upsize option of around Rs 1,080 crore, which if exercised will take the combined block deal size to around Rs 5,830 crore," one of the persons above told Moneycontrol.
The floor price was estimated to be Rs 1,880 per share, a 3.3 percent discount to the price at the end of day's trade on June 5. Kotak Mahindra Capital is working on the proposed trade, sources added.
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Bajaj Finserv announced a 14 percent increase in its consolidated net profit, which reached Rs 2,417 crore for the fourth quarter ending March 2025. This marks an increase from the net profit of Rs 2,119 crore reported during the same January-March period of the previous fiscal year.
In March, Bajaj Finserv announced it is set to take full control of its insurance ventures by acquiring Allianz SE’s 26 percent stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for Rs 24,180 crore ($2.83 billion).
With this transaction, Bajaj’s ownership in both insurers will rise to 100 percent from 74 percent. The company will spend Rs 13,780 crore on the general insurance business and Rs 10,400 crore on the life insurance arm. The acquisition is subject to regulatory clearances, including from the Competition Commission of India and the Insurance Regulatory and Development Authority of India.
The share price of Bajaj Finserv has risen by 18.3 per cent in the last six months and 28.15 per cent over a one-year time-frame. Bajaj Finserv is a holding company for several key businesses of the Bajaj Group, including Bajaj Finance, Bajaj Allianz Life Insurance, and Bajaj Allianz General Insurance.
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