Capital Market Regulator Sebi has relaxed rules for larger companies to meet minimum public shareholding (MPS) standards, which will benefit the recently listed Bajaj Housing Finance. Bajaj Housing Finance, which entered the stock market a year ago, has a promoter of 88.7% by June 2025, while public shareholding is 11.25%.

With a market capitalization of Rs 93,363 crore, the NDER will have to catch up to 75% of the promoter in the past three years. Under the new rules, the company now has five years for 10 years to meet 15% public shareholding and reach a sign of 25%.

This concession is part of the widespread improvement of SEBI’s list rules. Companies with market capitalization between Rs 50,000 crore and Rs 1 lakh crore will now get more time to thin the promoter.

Rs. For large companies worth over 1 lakh crore, the deadline for compliance with 25% of MPs has been extended for 10 years.

Why is it important

Market experts say that after the list of steps, the pressure on the companies will decrease quickly, which often leads to price overhang and supply-demand matches. It makes it easy to do .It makes it easy to do and reduces the need for companies to get a case-by-case exemption.

“The assessment of the company is bigger, it is difficult to absorb large -scale equity delusion in the markets,” said MMJC and associates founder, Makrand Joshi said.

Supported by Bajaj Finance, Bajaj Housing Finance emerged as India’s second largest housing finance company (HFC). Its property management (AUM) has risen to CAGR by 29% above FY 20 – FY 25, which is Rs. 1.2 lakh crore.

Motilal Oswal has noted that BHFL has a strong franchise built on granular credit, varied loan book and tech-based distribution model. However, it expects that the ROE will be 13-14% medium in the middle period due to intense competition in the Prime Home Loan segment.

Brokerage does AUM and stomach CAGR models and is about 22% during the FY 25-228 and has a neutral rating with a target price of 120, evaluating stock at 3.6x sep’27 EP/BV.

For Bajaj Housing Finance, Sebi Relaxation provides a valuable time for a slowdown plan to slow down without disturbing share prices. The rule change is also expected to encourage larger companies to list larger companies, ensuring that people’s participation is constantly increasing over time.