Bajaj Finserv Promoters Set to Sell 1.6% Stake in ₹4,750 Crore Block Deal
Bajaj Holdings and Jamnalal Sons plan a major stake sale in Bajaj Finserv via a block deal, aiming to raise ₹4,750 crore with an option to expand further.
Promoters Gear Up for Big Stake Sale in Bajaj Finserv
In a significant move, the promoter entities of Bajaj Finserv are preparing to divest a portion of their holding in the company through a large-scale block deal. The transaction, expected to take place on Friday, involves the sale of approximately 1.6% of the total equity, estimated to bring in around ₹4,750 crore (roughly $554 million), according to a report by ET NOW citing unnamed sources.
The deal comes with a provision to further upsize the offering, potentially adding ₹1,078 crore ($126 million) to the total value. This optional upsizing would involve offloading an additional 0.36% stake, translating to roughly 5.7 million shares.
Key Players and Structure of the Deal
The promoters—Bajaj Holdings and Investment Limited and Jamnalal Sons Private Limited—will execute the stake reduction through a structured block deal. Combined, these two entities currently hold a substantial stake in the company, with Bajaj Holdings owning 39.03% and Jamnalal Sons controlling 9.70% as of March 31, 2025.
The planned transaction involves the sale of about 25.3 million shares. The indicative floor price for these shares has been set at ₹1,880 apiece, suggesting a slight discount compared to the recent market price. The deal is likely to be executed through Kotak Securities, which is expected to act as the broker.
Market Reaction and Share Performance
On Thursday, shares of Bajaj Finserv closed at ₹1,944.90 on the National Stock Exchange (NSE), marking a modest decline of ₹11.20 or 0.57% compared to the previous day’s closing. The marginal dip possibly reflects investor caution ahead of the large block sale, which may introduce temporary volatility due to increased supply.
Although there was a minor dip, Bajaj Finserv’s stock continues to hold firm in the market, driven by stable profitability and solid business fundamentals.
Financial Performance: Strong Growth in Q4 FY25
Bajaj Finserv recently reported impressive financial results for the fourth quarter of FY25. The company’s net earnings witnessed a 14% annual increase, climbing to ₹2,417 crore from ₹2,119 crore recorded during the corresponding period last year. On a quarter-on-quarter basis, the company’s bottom line grew by 8%, compared to ₹2,231 crore in Q3 FY25.
Revenue performance mirrored this upward trend, rising 14% annually to ₹36,595 crore, as opposed to ₹32,041 crore a year ago. The company recorded a 14% uptick in revenue compared to the previous quarter, increasing from ₹32,042 crore reported in the earlier three-month period.
This steady financial momentum reinforces the attractiveness of the company to long-term investors, even as promoters look to monetize part of their holding.
Business Milestones and Operational Highlights
Beyond strong financials, Bajaj Finserv has achieved significant operational milestones. Its customer base has surpassed the 100 million mark, a testament to the growing popularity and trust in its diverse range of financial services. Moreover, the company’s consolidated assets under management (AUM) have crossed the ₹4 lakh crore milestone, highlighting its expansive reach and operational scale.
Its subsidiaries have also contributed meaningfully to the parent company’s performance. Bajaj Housing Finance Limited (BHFL) recorded a 25% rise in profit after tax, indicating solid demand in the housing loan segment. At the same time, Bajaj Allianz General Insurance Company (BAGIC) has retained its rank as the third-biggest contender in the general insurance market, surpassing several veteran public sector insurers in gross direct premium collections.
Promoter Strategy: Portfolio Diversification or Capital Reallocation?
While the promoters have not officially disclosed the reason for the stake sale, such transactions typically hint at portfolio rebalancing, capital reallocation, or strategic diversification. Reducing promoter holding without significantly impacting control allows them to unlock capital for potential new investments or internal restructuring.
It is important to note that the planned sale represents a small fraction of their total holding. Thus, the move is unlikely to signal a lack of confidence in the company’s future but may instead reflect broader investment strategies by the founding entities.
What Lies Ahead for Bajaj Finserv?
Bajaj Finserv continues to be a dominant player in India’s financial services sector, with a presence spanning insurance, lending, and wealth management. The promoter stake sale, while significant in size, is unlikely to alter the company’s strategic trajectory.
With consistent revenue growth, expanding customer engagement, and strong subsidiary performance, Bajaj Finserv remains well-positioned for long-term value creation. Investors and analysts will closely watch how the market absorbs the block deal and whether it paves the way for greater institutional participation or future stake adjustments by the promoters.
Final Thoughts
The upcoming ₹4,750 crore block deal by Bajaj Finserv’s promoters marks a notable event in India’s financial markets. Bajaj Holdings and Jamnalal Sons are planning to pare down their collective ownership by 1.6%, with the potential to divest further—an action that appears aimed at unlocking value from their investment while the company continues to deliver solid performance.
Despite the temporary market fluctuation it may cause, Bajaj Finserv’s robust financial health, expanding footprint, and well-performing subsidiaries ensure it remains a resilient investment. As the company continues to scale new heights in customer reach and operational performance, the promoter sale appears to be more of a capital optimization step than a shift in long-term commitment.
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