Bajaj Housing Finance Crashes 9% After Big Block Deals

Bajaj Housing Finance shares tumbled more than 9 percent on December 2 after massive block deals involving nearly 22 crore shares hit the market within minutes of opening trade. The stock slipped to Rs 95, its lowest level since its strong debut in September 2024.

In multiple large transactions, around 21.77 crore shares changed hands at an average price of Rs 95.39, translating to deal values of nearly Rs 2,077 crore. The sudden supply surge erased close to Rs 7,000 crore from the company’s market capitalisation, which dropped from Rs 87,148 crore on December 1 to Rs 80,224 crore by 9:46 am the next day. Market sources indicated that promoter Bajaj Finance was likely among the sellers.

The sharp fall comes just a day after the company disclosed that Bajaj Finance intends to offload up to 2 percent stake, amounting to 16.66 crore shares, to help Bajaj Housing Finance meet minimum public shareholding norms. The divestment will take place in single or multiple tranches between December 2 and February 2026.

As of the July–September quarter of FY26, Bajaj Finance held 88.70 percent stake, with the remaining owned by public shareholders. A report by CNBC-Awaaz suggested a base price of Rs 95 per share for the planned sale, reflecting a discount of over 9 percent from the last closing price. A 60-day lock-in is also expected for the block deal shares.

The stock’s slide marks a steep reversal from its bumper listing last September, when it debuted at Rs 150, a 114 percent premium over its Rs 70 IPO issue price. Despite falling more than 36 percent from its listing level, the stock still trades around 36 percent higher than its IPO price.

The sudden rush of supply, discounted pricing, and promoter stake sale plans together triggered a sharp reaction from the market, keeping the stock under pressure through the session.