Block deals, June 6: Bajaj Finserv surges 4% after 1.79% equity worth ₹5,506 crore changes hands; ZF Commercial up 2%

According to news reports, both Bajaj Finserv and ZF Commercial witnessed large transactions today during the block deal window before the opening bell.

After the transaction, shares of Bajaj Finserv in the afternoon deals surged as much as 3.84% to ₹2,018.70 apiece on the NSE. ZF Commercial was trading around 2% higher at ₹13,573 on the NSE.

As per a report by CNBC-TV18, as many as 2.86 crore shares of Bajaj Finserv, representing 1.79% equity, worth ₹5,506 crore, changed hands during the window. The transaction took place at an average price of ₹1,925 per share.

Promoters Bajaj Holdings and Investments Ltd. and Jamnalal Sons are likely the sellers.

On the other hand, six lakh shares, or 3.17% equity worth ₹792 crore, of ZF Commercial changed hands at ₹13,191 per share in the block deal window.

Promotor WABCO Holdings is likely the seller.

Block deals: What reports said earlier

Bajaj Finserv

Bajaj Finserv Ltd.'s promoter entities, according to news reports, are planning to sell shares worth ₹5,800 crore via open market transactions on Friday.

The reports added that Bajaj Holdings and Investments Ltd. and Jamnalal Sons will offload as many as 3.1 crore shares, or up to 1.94% stake via block deals. The floor price has been set at ₹1,880 per share, which is at a 3.3% discount to the stock's last close, NDTV Profit reported, citing Bloomberg News.

As per a shareholding pattern as of the March 2025 quarter, Bajaj Holdings held a 39.03% stake in the company, while Jamnalal Sons Private Limited had a 9.70% stake in the company.

Bajaj Finserv reported a 14% increase in its consolidated net profit to ₹2,417 crore in the fourth quarter ended March 2025.

The company had posted a net profit of Rs 2,119 crore during the corresponding January-March period of the previous fiscal.

The total consolidated income during the March 2025 quarter rose to ₹35,596 crore against ₹32,042 crore in the corresponding period of the previous financial year, BFL, the holding company for the various financial services businesses under the Bajaj group, said in a regulatory filing.

ZF Commercial

ZF Commercial Vehicle Control Systems India, a subsidiary of ZF Friedrichshafen AG, is a global technology company. The company is engaged in designing, manufacturing, and marketing air-assisted and air brake systems for commercial vehicles, including trucks, trailers, and buses.

According to news reports, the company's promotor WABCO Holdings will sell ₹720 crore worth of shares (3.13%) via block deals today.

The floor price has been set ₹12,000 per share, a 10% discount to last traded price.

The stock on Thursday ended at ₹13,377, down 0.93% on the NSE.