TA Associates exits AU Small Finance Bank; sells 1.26% stake for Rs 714 cr
Private equity firm TA Associates on Tuesday exited
AU Small Finance Bank
by selling its entire 1.26 per cent stake in the company for Rs 714 crore through an open market transaction.
According to the
bulk deal
data available on the BSE, US-based TA Associates through its arm TA
FDI
Investors sold 93.90 lakh shares, amounting to a 1.26 per cent stake in Jaipur-based AU Small
Finance
Bank (AU SFB).
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Apotheke Regional
Undo
The shares were disposed of at an average price of Rs 760.07 apiece, taking the deal value to Rs 713.78 crore.
Details of the buyers of AU SFB's shares could not be ascertained on the BSE.
Shares of AU Small Finance
Bank
fell 0.93 per cent to close at Rs 764.70 apiece on the BSE.
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In a separate
block deal
on the BSE, Morgan Stanley Asia (Singapore) sold 1.25 lakh shares of
Bajaj Finserv
for Rs 25 crore through an open market transaction.
The shares were offloaded at an average price of Rs 1,983.8 apiece, taking the deal value to Rs 24.80 crore.
These shares were acquired by Paris-based
BNP Paribas
through its affiliate BNP Paribas Financial Markets at the same price.
The scrip of Bajaj Finserv slipped 0.92 per cent to settle at Rs 1998.35 apiece on the BSE.
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