MUMBAI: Two promoter entities of financial services major Bajaj Finserv are set to sell nearly 2% of the company through block deals on Friday, aiming to raise about Rs 5,800 crore ($679 million). Bajaj Holdings & Investment and Jamnalal Sons have put 3.1 crore Bajaj Finserv shares on the block at a base price of Rs 1,880, as shown in the term sheet for the deal.Currently, the Bajaj family holds about 60.6% in the NBFC major. If the two entities sell the entire stake put on the block, the promoters’ stake will decrease to 58.7%, currently worth about Rs 1.8 lakh crore.The base price of the shares being offered is Rs 1,880, a 3.3% discount to Bajaj Finserv’s Thursday closing at Rs 1,944 on NSE. At the initial stage of the deal, the promoters are offering a little over 2.5 crore shares of Bajaj Finserv, translating to about 1.6% of the company. At the base price, this stake will fetch about Rs 4,750 crore ($554 million) for the promoter family, as indicated in the term sheet. In case there is strong demand for the shares of the NBFC major, they will offer an additional 57 lakh shares (0.36%) of the company. This will accrue an additional Rs 1,078 crore ($126 million) to the promoters.Lately, the revival in the stock market prompted several promoters to offload part of their overall holding in their companies. In May alone, promoters sold about Rs 48,000 crore worth of stocks in their companies through block deals, reports showed. Last month, Singapore Telecom, one of the promoters of telecom services major Bharti Airtel, sold part of its stake in the company for about Rs 13,300 crore. In another large block deal, BAT, a promoter of tobacco to FMCG major ITC, sold part of its stake for over Rs 12,000 crore.