Bajaj Housing Finance Limited has informed the Exchange that Proposed sale of certain equity shares of the face value of Rs. 10 each ( Equity Shares ) of Bajaj Housing Finance Limited ( the Company ) held by Bajaj Finance Limited who is a promoter of the Company ( the Seller ) in the open market for achieving minimum public shareholding ( Sale ).
BAJAJHFL · price
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On the reaction day the stock moved 0.4 pts less than Nifty Midcap 150 and 0.3 pts more than its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Bajaj Finance Limited, the promoter of Bajaj Housing Finance Limited, has informed the exchange about its plan to sell a portion of its equity shares in the company through the open market. The purpose of this sale is to bring the company's public shareholding up to the minimum required level as per regulatory norms. Equity shares of face value Rs. 10 each will be offloaded by the promoter. The specific size and timing of the sale have not been disclosed in this filing. The move is compliance-driven, aimed at meeting SEBI's minimum public shareholding (MPS) requirement of 25%.
This is a compliance-driven promoter stake sale, which may create short-term supply pressure on the stock. However, since the intent is to meet minimum public shareholding norms, it brings the company closer to regulatory compliance and could improve free-float liquidity over time.