June 9, 2025
Funds

Bajaj Finserv block deal: Funds queue up to buy shares of the Bajaj Finance-parent


Institutions, both domestic and foreign, queued up to buy shares of Bajaj Finance-parent Bajaj Finserv Ltd. in its block deal that took place on Friday, June 6.

Domestic funds ranging from SBI MF to HDFC MF, and global funds from Morgan Stanley to BofA Securities to Goldman Sachs, were all buyers in the Bajaj Finserv block deal, according to data available.

Here’s a look at the funds that were buyers in the transaction on Friday:

Fund No. Of Shares Bought
ICICI Prudential MF 77.92 Lakh
SBI MF 77.92 Lakh
Morgan Stanley Asia 21.79 Lakh
BofA Securities Europe 13.1 Lakh
Aditya Birla Sun Life MF 12.99 Lakh
HDFC MF 11.66 Lakh
Societe Generale 10.11 Lakh
Edelweiss MF 5.19 Lakh
ICICI Prudential Life 4.68 Lakh
JPMorgan India Investment Trust 4.65 Lakh
Tata Mutual Fund 4.54 Lakh
Viridan Asia Opportunities 4.46 Lakh
SBI Life Insurance 3.12 Lakh
Citigroup Global Markets 2.9 Lakh
JPMorgan India Fund 2.83 Lakh
Goldman Sachs Singapore Pte. 2.23 Lakh
Goldman Sachs Mauritius 2.23 Lakh
DSP MF 0.55 Lakh
Nomura Singapore Ltd. 0.53 Lakh

Bajaj Finserv promoter Jamnalal Sons Pvt. Ltd. sold 1.82 crore shares, while Bajaj Holdings and Investment sold 1.04 crore shares during that block deal on Friday, that was valued at ₹5,506 crore.

India’s domestic mutual funds have a 5.43% stake in Bajaj Finserv, where the SBI Index Fund has a 1.33% stake at the end of the March quarter. Foreign Portfolio Investors, cumulatively had a 7.52% stake in Bajaj Finserv.

Shares of Bajaj Finserv ended 2.3% higher on Friday at ₹1,988.7. The stock has risen 26% so far in 2025 and is among the outperformers on the Nifty.



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