Bajaj Finance divests shares in Bajaj Housing Finance at ₹95.3 each

MUMBAI: Bajaj Finance sold 16.66 crore shares of Bajaj Housing Finance at Rs 95.3 per share in a block deal on the NSE on Tuesday. The deal was executed at a floor price of Rs 95.3 per share, which was at a 9% discount to Monday closing price of Rs 104.5 on NSE.

Promoter Bajaj Finance have offloaded 2.35% equity stake valued at around Rs 1,890 crore. Promoter holding in Bajaj Housing Finance stood at 88.70% before the sale. Bajaj Housing Finance shares fell 9% intraday to a 52-week low of Rs 95 and ended down 7.34% at Rs 97.15 on December 2.