Shares of Bajaj Housing Finance witnessed a significant uptick in early trading, surging nearly 6% to reach Rs 114.92 amid heightened trading activity. The surge comes on the heels of reports suggesting a potential offer for sale (OFS) by the company's promoter, Bajaj Finance .

Stake Sale Details

Market dealers indicate that Bajaj Finance has initiated the OFS process to reduce its stake in Bajaj Housing Finance. The pricing for this stake sale is expected to be set at a 10% discount to Wednesday's closing price, making it an attractive proposition for potential investors.

Regulatory Compliance

The primary motivation behind this stake sale appears to be compliance with the Securities and Exchange Board of India's (SEBI) minimum public shareholding requirements. This move by Bajaj Finance demonstrates the company's commitment to adhering to regulatory norms while potentially broadening the shareholder base of Bajaj Housing Finance.

Market Response

The market's response to this development has been notably positive:

• Share Price: Jumped nearly 6% to Rs 114.92 in early trading
• Trading Volume: Reached twice the 30-day average
• Total Traded Value: Rs 140.29 crore on the National Stock Exchange (NSE)

This surge in trading activity underscores the market's keen interest in the potential stake sale and its implications for both Bajaj Housing Finance and its investors.

Investor Implications

For current and potential investors, this development presents several points of interest:

1. Increased liquidity in Bajaj Housing Finance shares
2. Potential for a more diverse shareholder base
3. Alignment with regulatory requirements, which could positively impact the company's governance profile

As the situation unfolds, market participants will be closely watching for official announcements regarding the OFS terms and its impact on the company's ownership structure.

Investors are advised to conduct their own research and consult financial advisors before making investment decisions based on this news.

Bajaj Finance Limited (BFL) recently held its 38th Annual General Meeting (AGM) on July 24, 2025, where shareholders voted on several important resolutions. The meeting, which took place at Hotel Hyatt Regency in Pune, saw significant participation from shareholders through both remote e-voting and voting at the venue.

Financial Statements and Dividend Approved

Shareholders overwhelmingly approved the adoption of standalone and consolidated financial statements for the fiscal year ended March 31, 2025, along with the Directors' and Auditors' reports. The resolution passed with 99.96% votes in favor. Additionally, the declaration of dividend for FY 2025 was approved with nearly unanimous support, receiving 99.99% of votes in favor.

Leadership Changes

A notable development was the resignation of Anup Kumar Saha from his positions as Managing Director and Director of the company. This resignation, accepted by the Board on July 21, 2025, rendered the agenda item for his re-appointment infructuous.

Appointment of Secretarial Auditor

M/s Makarand M. Joshi & Co., Practicing Company Secretaries, were appointed as the Secretarial Auditor of Bajaj Finance for a term of five consecutive years. This resolution was passed with 99.98% of votes in favor.

Approval for Non-Convertible Debentures

Shareholders gave their approval for the issuance of non-convertible debentures through private placement, with 98.69% of votes supporting this special resolution.

Material Related Party Transactions

Two resolutions regarding material related party transactions were passed:

1. Transactions between BFL and Bajaj Housing Finance Limited (BHFL) were approved with 99.99% votes in favor.
2. Transactions between BFL and Bajaj Allianz Life Insurance Company Limited (BALIC) also received 99.99% approval.

Employee Stock Option Scheme Modifications

Several resolutions related to the Employee Stock Option Scheme, 2009 were passed:

1. Modification to the scheme was approved with 98.71% votes in favor.
2. Extension of benefits and grant of options to employees of holding and/or subsidiary companies under the scheme received 94.95% approval.
3. Authorization for the Trust to acquire equity shares from the secondary market for implementing the scheme was passed with 99.70% votes in favor.

The AGM results reflect strong shareholder support for Bajaj Finance's strategic decisions and corporate actions. The company continues to maintain transparency and compliance with regulatory requirements, as evidenced by the high approval rates for these resolutions.

Bajaj Finance's commitment to good corporate governance and shareholder value is underscored by the successful conduct of this AGM and the positive response from its shareholders to these important resolutions.