Bajaj Housing Finance stocks crash 9%: Here we decode why
What's the story
Bajaj Housing Finance's shares have taken a major hit, falling over 9% to ₹95.26 per stock in today's trading session. The decline comes after almost 22 crore shares changed hands in multiple block deals, with promoter Bajaj Finance likely among the sellers. The transaction involved around 21.77 crore shares at an average price of ₹95.39 each, totaling some ₹2,077 crore worth of stock.
Sale
Bajaj Finance plans to sell up to 2% stake
The fall in Bajaj Housing Finance's stock comes after an announcement on December 1 that its promoter company, Bajaj Finance, plans to sell up to a 2% stake in the firm. The shares are worth over ₹1,740 crore and will be sold in one or more tranches. The move is intended to help the newly-listed company meet minimum public shareholding requirements.
Stake details
Bajaj Finance's current stake and divestment timeline
As of the end of Q2 FY26, Bajaj Finance held an 88.70% stake in Bajaj Housing Finance. The rest was held by the general public. The entire divestment process by its promoter will be carried out in single or multiple tranches between today and February 2026, according to the company's announcement.
Market debut
Bajaj Housing Finance's market debut and performance
Bajaj Housing Finance made a stellar market debut in September last year, listing at a premium of 114% over its IPO issue price at ₹150 per share. The ₹6,560 crore initial public offer (IPO) was oversubscribed more than 67 times during its three-day public bidding period. The stock has since fallen more than 36% from its listing price but is still up from its IPO price of ₹70 per share.