Bajaj Housing Finance shares, at 52-week low, in focus ahead of promoter stake sale

Shares of Bajaj Housing Finance Ltd. are in focus on Tuesday, December 2, after the company announced on Monday that its promoter, Bajaj Finance Ltd., would be selling up to 2% of its stake in the company.

The same would be via open market transactions to comply with the minimum public shareholding requirements.

At the end of the September quarter, Bajaj Finance held 88.7% stake in the housing finance firm.

The proposed sale, capped at 166.6 million shares, will occur in one or more tranches between December 2, 2025 and February 28, 2026, it said.

Sources have told CNBC-TV18 that the deal size is likely to be worth $176 million with a base price of ₹95 per share. This is a discount of 9.6% in comparison to Monday's closing price for Bajaj Housing Finance.

Bajaj Finance will have a lock-up of 60 days for the sale of further shares in the company.

Undertakings from the promoters — Bajaj Finance and Bajaj Finserv — confirm they would not purchase shares on days when the sale is executed, as mandated by he master circular of the Securities and Exchange Board of India (SEBI).

Bajaj Housing Finance made its stock market debut last year at an IPO price of ₹70 per share. The stock soon made a post-listing high of nearly ₹190 per share before cooling off. The stock is down nearly 50% from those levels.

Shares of Bajaj Housing Finance ended the previous session 0.5% down at ₹104.59 apiece. The stock has declined 17.7% this year, so far and is trading at a 52-week low.

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