Bajaj Housing Finance shares drop 9% on stake sale
pre-market1 source ↓written by the desknot a recommendation
- during Tuesday's trading
- ₹95.26
- 2.35 of equity
- 19.5 crore shares
- per share
- ₹97
- totaling
- ₹1,890 cr
- from its peak
- 50%
Bajaj Housing Finance shares fell over 9% to ₹95.26 during Tuesday's trading after 19.5 crore shares (2.35% of equity) were sold via a block deal at ₹97 per share, totaling ₹1,890 cr. This sale by promoter Bajaj Finance aims to meet minimum public shareholding requirements. The stock has declined nearly 50% from its peak of ₹190 post-IPO.
Not investment advice. For informational purposes only.