Block deal effect: Bajaj Housing Finance shares fall 9% to 52-week low amid buzz of promoter's 2% stake sale

The shares of Bajaj Housing Finance tumbled more than 9 percent on December 2 after nearly 22 crore shares changed hands in multiple block deals. Promoter Bajaj Finance is likely to be among the sellers.

The shares were trading at Rs 95 apiece, the lowest level seen by the stock so far since bumper debut in September 2024.

Large block deals:

Around 21.77 crore shares changed hands at an average price of Rs 95.39 per share. This implies that shares worth around Rs 2,077 crore were involved in the block deals.

Bajaj Housing Finance, at the end of December 1, had a market capitalisation of around Rs 87,148 crore. The company's market capitalisation stood at Rs 80,224 crore, as seen at 9.46 am on December 2. This implies a m-cap erasure of around Rs 7,000 crore following the block deals.

Bajaj Finance's plan to sell some stake in Bajaj Housing Finance:

The fall in the stock comes a day after Bajaj Housing Finance on December 1 said that its promoter company Bajaj Finance plans to sell up to 2 percent stake in the company worth more than Rs 1,740 crore in one or more tranches.

In an exchange filling, Bajaj Housing Finance said that Bajaj Finance has conveyed its intention to sell up to 16.66 crore shares in one or more tranches in order to enable the newly-listed company to comply with the requirements of minimum public shareholding.

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.

Bajaj Housing Finance said that the entire divestment process by its promoter will be done in single or multiple tranches between December 2 and February 2026.