07-June-2025
Markets and Finance
 
Bajaj Finserv promoters may sell stake worth Rs 5,828 crore via block deal: Report
06-Jun-2025

There could be a block deal in Bajaj Finserv after markets open tomorrow. According to a report by CNBC-TV18, Bajaj Holdings & Investment and Jamnalal Sons — are planning to offload up to 1.94 per cent stake in Bajaj Finserv through block deals. According to the report, the total deal size is expected to be around Rs 5,828 crore, which includes a base deal size of Rs 4,750 crore and an upsize option of Rs 1,078 crore. The floor price for the share sale is set at Rs 1,880 per share, which is around 3.3 per cent lower than the current market price. The block deal is likely to take place soon, though further details are awaited, CNBC-TV18 reported.

News Source:- https://www.financialexpress.com/business/industry-bajaj-holdings-and-jamnalal-sons-likely-to-sell-up-to-1-94-stake-in-bajaj-finserv-reports-3869751/?ref=morelatest_hp