Bajaj Finserv promoters to offload 1.6% stake for Rs 4,750 crore via block deal: Report

Bajaj Finserv's promoter entities Bajaj Holdings and Investment Limited and Jamnalal Sons Private Limited are likely to off-load 1.6% stake in the company via block deals on Friday. The deal size is estimated at Rs 4,750 crore ($554 million) with an option to upsize the deal by Rs 1,078 crore ($126M).

On Thursday, ET Now reported about the development citing sources. Around 25.3 million shares are expected to be on the block and the indicative floor price is Rs 1,880 per equity share, this report said.

If the company opts for upsizing the deal, an additional 5.7 million shares representing or 0.36% shareholding will be offloaded.

The broker for the deal will likely be Kotak Securities, the report said further.

Bajaj Holdings held 39.03% stake in Bajaj FInserv as on March 31, 2025 while Jamnalal Sons equity stood at 9.70% in the same period.

Shares of Bajaj Finserv today ended at Rs 1,944.90 on the NSE, dropping by Rs 11.20 or 0.57%.

Bajaj Finserv had reported a 14% jump in its Q4FY25 net profit to Rs 2,417 crore versus Rs 2,119 crore reported in the year ago period. The company's revenue in the March-ended quarter stood at Rs 36,595 crore, which was up 14% year-on-year versus Rs 32,041 crore in the corresponding quarter of the last financial year.

On the sequential basis, the profit after tax (PAT) surged nearly 8% over Rs 2,231 crore reported by the company in Q3FY25. Its total revenue from operations was also up 14% QoQ against Rs 32,042 crore in the October-December quarter.

Bajaj Finserv's customer franchise surpassed a milestone of 100 million and consolidated assets under Management (AUM) crossed 400,000 crore.

Among its subsidiaries, Bajaj Housing Finance (BHFL) recorded growth of 25% in profit after tax while Bajaj Allianz General Insurance Company (BAGIC) continued to be the third largest general insurer, measured by gross direct premium, ahead of three public sector insurers of significantly longer vintage.

Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)