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.