Bajaj Housing Finance Shares Plunge Following Major Block Transactions

On December 2, Bajaj Housing Finance's stock saw a decline exceeding 9 percent due to substantial block deals involving almost 22 crore shares, executed within moments of market opening. This pushed the share price down to Rs 95, marking its lowest point since its impressive market entry in September 2024.

In a series of significant trades, approximately 21.77 crore shares exchanged hands at an average price of Rs 95.39. This resulted in a transaction value nearing Rs 2,077 crore. The influx of shares led to a near Rs 7,000 crore reduction in the company's market capitalization, falling from Rs 87,148 crore on December 1 to Rs 80,224 crore by 9:46 am the following day, with market insiders suggesting that Bajaj Finance was potentially one of the sellers.

This notable decline took place just a day after the firm announced plans for Bajaj Finance to divest up to 2 percent stake, equating to about 16.66 crore shares, to align with minimum public shareholding requirements. The divestment is slated for execution in one or more phases from December 2 through February 2026.

As reported for the July–September quarter of FY26, Bajaj Finance possessed an 88.70 percent stake, while the remainder was held by public stakeholders. According to a CNBC-Awaaz report, the proposed sale has a base price of Rs 95 per share, reflecting more than a 9 percent discount from the most recent closing price. A 60-day lock-in period is anticipated for the shares involved in the block deal.

The significant drop in stock value signals a stark turnaround from its robust listing last September, during which it debuted at Rs 150, reflecting a 114 percent premium over its Rs 70 IPO price. Although the stock has decreased over 36 percent from its listing peak, it still remains about 36 percent above its IPO valuation.

The unexpected influx of shares, pricing below market value, and promoter stake sales collectively resulted in a notable response from the market, keeping the stock under strain throughout the trading session.