Aptus Value Housing Finance shares worth ₹2,000 crore change hands in a block deal

As many as 6.09 crore shares of Aptus Value Housing India Ltd. worth ₹2,005.94 crore changed hands in a block deal window on Thursday, September 4.On Wednesday, September 3, CNBC-TV18 reported, citing sources that private equity firm WestBridge Capital was to sell 8.23 crore shares or 16.46% of its stake in Aptus Value Housing Finance India via a block deal worth around ₹2,600 crore.

The shares were to be offered at a floor price of ₹316 apiece, sources said. The transaction was to be executed as a clean-out trade, sources added.

WestBridge Crossover Fund LLC held 16.03% stake in the company at the end of the June quarter, as per data available on the exchanges.
In June, WestBridge Capital had pared 12.4% stake in Aptus Value Housing Finance, raising ₹1,906 crore via an open market deal.The bulk deal data on the NSE showed that PE’s arm WestBridge Crossover Fund LLC, sold over 6.19 crore shares at an average rate of ₹307.54 per share.

Institutional buyers partly absorbed the stake, with SBI Mutual Fund, Morgan Stanley Asia Singapore, Axis Mutual Fund and Luxembourg-based Eastbridge Group acquiring over 1.67 crore shares or a 3.35% stake for around ₹514 crore.

Shares of Aptus Value Housing were up 1.16% at ₹336 apiece around 9.40 am on Thursday. The stock has gained 15.4% this year, so far.

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