Bajaj Finserv promoters to offload ₹5,828 cr stake via block deal

Two promoter entities of Bajaj Finserv will be selling up to 1.94 per cent stake in the company through block deals for up to ₹5,828 crore ($679 million), according to a term sheet viewed by businessline.

The transaction consists of a base offer size of 2.53 crore shares or 1.58 per cent equity with an option to upsize by 57 lakh shares or 0.36 per cent of equity. The base deal size in value terms works out to ₹4,750 crore with an option to upsize by ₹1,078 crore.

The selling shareholders are Jamnalal Sons, which held 9.7 per cent stake at the end of March 2025, and Bajaj Holdings and Investment, which held 39.03 per cent stake.

The floor price for the deal is ₹1,880 per share, a 3.3 per cent discount to the closing price of the scrip on the NSE on Thursday. The value of the deal has been calculated on the basis of the floor price.

Kotak Securities is the sole bookrunner for the deal.

Earlier this year, Bajaj Finserv, along with Jamnalal Sons and Bajaj Holdings, acquired the stakes held by Allianz SE in its insurance joint ventures for $2.78 billion. This transaction has given the Bajaj Group total control over the insurance subsidiaries and to chart out their growth strategies.

It also announced a 4-for-1 bonus issue of shares and approved a 2-for-1 stock split.

In FY25 the financial services company recorded a 21 per cent revenue growth to ₹15,382 crore, while net profit rose 9 per cent to ₹1,020 crore.

Its revenue has compounded annually at 20 per cent over the last five years and profit at 21 per cent.

Published on June 5, 2025