Shares of Bajaj Housing Finance Ltd. plummeted nearly 9% to a record low of ₹95 on Tuesday after its promoter, Bajaj Finance Ltd., sold a 2% stake in the housing financier.

Transaction Details:

• 167.82 million shares, representing a 2% stake, changed hands at ₹97.68 per share.
• The total deal value was approximately ₹16.39 billion (~$182 million).

Reason for the Sale:
The sale was executed to help Bajaj Housing Finance comply with minimum public shareholding (MPS) norms. Bajaj Finance held an 88.7% stake in the company at the end of the September 2025 quarter and announced its divestment plan on Monday.

Analyst Sentiment & Performance:

• According to LSEG data, nine analysts, on average, have a "Hold" rating on Bajaj Housing Finance, with a median price target of ₹114.
• Year-to-date, Bajaj Finance's stock is up 50%, while Bajaj Housing Finance has declined 25%.

(Exchange rate: $1 = ₹89.7540)