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Bloomberg Quint

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Dreamfolks Services Stake Sale: Bajaj Finance Offloads

  • Bajaj Finance offloaded a 0.58% stake in Dreamfolks Services Ltd. through open market transactions, selling 3.09 lakh shares at Rs 51.42 apiece.
  • Axis Bank Ltd. and ICICI Bank Ltd. closed certain programmes with Dreamfolks Services Ltd. from July 1, impacting the company's operations.
  • Dreamfolks Services faced a decline in net profit by 5% to Rs 65 crore in fiscal 2025, despite a 14% increase in revenue to Rs 1,292 crore.
  • The news of major banks and card networks moving away from Dreamfolks Services led to a share plunge of over 15%, following previous service disruptions at airports.

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