HomeMarket NewsBajaj Finserv Block Deal | 1.79% equity worth ₹5,506 crore changes hands at ₹1,925 per share
Bajaj Finserv Share Price | On Thursday, June 5, CNBC-TV18 reported, citing sources that promoter entities Bajaj Holdings & Investment Ltd and Jamnalal Sons had launched a ₹5,828-crore block deal in Bajaj Finserv Ltd, offloading up to 1.94% of the company’s equity.
As many as 2.86 crore shares or 1.79% equity of Bajaj Finserv Ltd., worth ₹5,506 crore changed hands in block deals on Friday, June 6 at ₹1,925 per share
On Thursday, June 5, CNBC-TV18 reported, citing sources that promoter entities Bajaj Holdings & Investment Ltd and Jamnalal Sons had launched a ₹5,828-crore block deal in Bajaj Finserv Ltd., offloading up to 1.94% of the company’s equity.
Sources said the deal was being executed at a floor price of ₹1,880 per share and the base size of the offer was ₹4,750 crore, with an additional greenshoe option of ₹1,078 crore.
At the end of the March quarter, Bajaj Holdings and Investment Ltd held 39.03% stake and Jamnalal Sons held 9.7% stake in Bajaj Finserv, as per data available on the stock exchanges.
In the fourth quarter, Bajaj Finserv reported a 14% rise in consolidated net profit at ₹2,417 crore from ₹2,119 crore in the previous year. Its total consolidated income increased to ₹35,596 crore from ₹32,042 crore in the previous fiscal.
For the entire financial year 2025, Bajaj Finserv's net profit increased 9% to ₹8,872 crore from ₹81,48 crore in the year-ago period. Its consolidated income for FY25 surged to ₹1.33 lakh crore in comparison to ₹1.10 lakh crore in the previous financial year.
Its board of directors also recommended a dividend of ₹1 per share, representing a 100% payout on the face value of each share. The final dividend is subject to shareholder approval at the upcoming annual general meeting. The total amount of dividend is ₹159.67 crore, same as the previous year.
Shares of Bajaj Finserv ended 0.57% lower at ₹1,955.9 during the previous trade session. The stock has gained 23.38% this year, so far.
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First Published:
Jun 6, 2025 8:57 AM
IST