Published on 05/06/2025 05:39 PM
Bajaj Finserv Block Deal: Bajaj Holdings, Jamnalal Sons to sell ₹5,828-crore stakeThe base size of the offer is ₹4,750 crore, with an additional greenshoe option of ₹1,078 crore, the sources told CNBC-TV18. Shares of Bajaj Finserv Ltd ended at ₹1,943.50, down by ₹12.25, or 0.63%, on the BSE.By Vivek Iyer | Jomy Jos Pullokaran June 5, 2025, 5:39:12 PM IST (Published)2 Min ReadPromoter entities Bajaj Holdings & Investment Ltd and Jamnalal Sons launched a ₹5,828-crore block deal in Bajaj Finserv Ltd, offloading up to 1.94% of the company’s equity, sources privy to the developments told CNBC-TV18.
The deal is being executed at a floor price of ₹1,880 per share, which represents a 3.3% discount to Bajaj Finserv’s last closing price. The base size of the offer is ₹4,750 crore, with an additional greenshoe option of ₹1,078 crore, the sources added.
For the fourth quarter, Bajaj Finserv posted a 14% year-on-year (YoY) rise in consolidated net profit to ₹2,417 crore, compared to ₹2,119 crore in the same period last year. The holding company for the Bajaj Group’s financial services businesses also saw its total consolidated income climb to ₹35,596 crore, up from ₹32,042 crore in Q4 FY24.
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For the full financial year 2024-25, Bajaj Finserv reported a 9% increase in net profit, which rose to ₹8,872 crore from ₹8,148 crore in FY24. Consolidated income for the year surged to ₹1,33,822 crore, marking a substantial growth from ₹1,10,383 crore in the previous fiscal.
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. As of March 2025, promoter entities held about a 60.76% stake in the company.
Shares of Bajaj Finserv Ltd ended at ₹1,943.50, down by ₹12.25, or 0.63%, on the BSE.
Also Read: With earnings downgrades easing, here’s what Bajaj Finserv AMC is buying nowContinue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsBajaj Finservshare market today