Bajaj Finance Limited has informed the Exchange about sale of 166,600,000 equity shares of Bajaj Housing Finance Limited (BHFL), subsidiary of the Company, in open market by executing a bulk deal in secondary market, as a step towards achieving Minimum Public Shareholding requirements in BHFL
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Bajaj Finance has sold 166,600,000 (16.66 crore) equity shares of its subsidiary Bajaj Housing Finance Limited (BHFL) through an open market bulk deal in the secondary market. This sale is being carried out as a step towards meeting the Minimum Public Shareholding (MPS) requirements prescribed for BHFL under SEBI listing norms, which mandate at least 25% public shareholding in listed entities. The transaction increases the public float and free-float liquidity in BHFL. Bajaj Finance continues to remain a significant shareholder in its housing finance arm even after this stake dilution.
Positive for BHFL shareholders — increased public float improves liquidity and brings the company closer to full MPS compliance, potentially drawing more institutional interest. For Bajaj Finance, the sale unlocks cash while it retains a strategic majority stake, so this is largely a regulatory housekeeping event rather than a strategic shift.