Bajaj Finserv sees major block deal, 1.79% equity changes hands

Shares of Bajaj Finserv witnessed heavy activity in the pre-open session on Friday, with 2.85 crore shares, or 1.79 percent of the company’s total equity, changing hands on the National Stock Exchange via block deal. The transaction, valued at around ₹5,506 crore, took place ahead of regular market hours. The identities of the buyers and sellers were not immediately known.

The stock opened 1 percent higher at ₹1,968 and climbed up to ₹1,989.60 in early trade before retreating to an intraday low of ₹1,932.50. At 9:25 AM, Bajaj Finserv was trading flat near ₹1,936.

Media reports suggest that the block deal is linked to a stake sale by promoter entities. Bajaj Holdings and Investment Limited and Jamnalal Sons were reportedly looking to sell a combined 1.58 percent stake in the company. As of March 2025, Bajaj Holdings held 39.03 percent of the company’s equity, while Jamnalal Sons held 9.7 percent, according to exchange filings.

Bajaj Finserv recently reported a strong set of numbers for the fourth quarter of fiscal 2025, posting a 14 percent year-on-year rise in consolidated net profit to ₹2,417 crore. This compares to ₹2,119 crore in the same quarter of the previous year.

Earlier this year, the company announced plans to acquire the remaining 26 percent stake held by Allianz SE in its insurance ventures. The transaction, valued at ₹24,180 crore, will raise Bajaj Finserv’s ownership in both Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance to 100 percent, up from the current 74 percent. The deal is awaiting regulatory clearances from the Insurance Regulatory and Development Authority of India and the Competition Commission of India.

Over the past six months, shares of Bajaj Finserv have gained 18.3 percent. On a one-year basis, the stock is up 28.15 percent, supported by strong financial performance and continued expansion across its core businesses. The company serves as the financial services arm of the Bajaj Group, with operations spanning lending, insurance, asset management, and wealth solutions.

The shares of Bajaj Finance, SBI Cards and other non-banking financial services companies surged strongly on June 6 after Reserve Bank of India Governor Sanjay Malhotra announced the outcome of the Monetary Policy Committee meeting. The announcement included a 50 basis points cut in the benchmark repo rate and a 100 basis points reduction in the Cash Reserve Ratio. These measures were viewed as highly supportive of credit growth and liquidity in the financial system.