India's Bajaj Housing Finance falls to record low after promoter's 2% stake sale

Bajaj Finance

02/12/2025 04:21

** Bajaj Housing Finance BAJO.NS stock slumps nearly 9% to record low of 95 rupees

** 167.82 mln shares worth 16.39 bln rupees (~$182 million) representing 2% stake in co change hands at 97.68 rupees apiece - LSEG data showed

** Hosuing finance co said on Monday its promoter Bajaj Finance BJFN.NS will sell up to 2% stake to comply with minimum shareholding norms

** At end of Sept qtr, BJFN held 88.7% stake in BAJO

** Nine analysts have a "Hold" rating for BAJO on avg; median PT is 114 rupees- data compiled by LSEG

** YTD, BJFN up 50%, BAJO down 25%

($1 = 89.7540 Indian rupees)

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com;))