Bajaj Finance is offloading up to 2% of its Bajaj Housing Finance stake—1.66 crore shares—in the open market by February 28, 2026. The move is mandatory to comply with the 75% promoter holding cap. Shares plunged 9% today on news of the block deal, signaling market volatility ahead for the stock, which debuted with a 114% premium.
Big moves in the market today, and Bajaj Housing Finance is right in the center of it. Its promoter, Bajaj Finance, is cutting its stake. It’s not optional. This is happening to comply with the rules.
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The thing is, Bajaj Finance currently holds about 88.7% of the company. That’s way over the limit. RBI and SEBI rules say promoters can only hold a maximum of 75% in a listed company to ensure that minimum public shareholding (MPS) of 25% is maintained.
The Divestment Plan
Bajaj Finance conveyed their intention to sell up to 2% of their equity. That translates to roughly 1.66 crore shares.
The Window: The sale period starts today, December 2nd, 2025, and runs through February 28th, 2026. They can do it in one shot, or multiple tranches. Depends on the market conditions. That flexible approach happened. And then the market reacted badly.
The Impact Today: The stock got hammered right out of the gate. Reports of a block deal this morning—where the shares were offered at a nearly 10% discount—caused the stock to plunge over 9%, hitting a new low. It’s disheartening for investors who bought in after the IPO.
A Quick IPO Flashback
It’s a bizarre turn for a company that had such a massive debut. Bajaj Housing Finance made its solid market debut back in September 2024. The IPO price was ₹70. The stock listed with a huge premium of 114%, shooting up past ₹160. But since then, it’s just corrected. Sharply.
The IPO, which raised ₹6,560 crore, was done in part to comply with RBI regulations. The mandate requires upper-layer non-banking finance companies (NBFCs), which Bajaj Housing is, to be listed by September 2025. Now the next step of compliance—reducing promoter shareholding—is causing immediate pain in the short term.
The short-term trend for the stock is clearly under pressure. The housing sector is consolidating. And with the promoter committed to offloading this stake,
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