Latest news with #AptusValueHousingFinance
News18
4 days ago
- Business
- News18
WestBridge Capital sells 12.4 pc stake in Aptus Housing Fin for Rs 1,906 cr
New Delhi, Jun 3 (PTI) WestBridge Capital on Tuesday divested a 12.4 per cent stake in Aptus Value Housing Finance for Rs 1,906 crore through an open market transaction. WestBridge Capital is one of the promoters of Aptus Value Housing Finance. According to the bulk deal data available on the NSE, private equity firm WestBridge Capital, through its arm WestBridge Crossover Fund LLC, offloaded more than 6.19 crore shares or 12.4 per cent stake in Aptus Value Housing Finance. The shares were sold at an average price of Rs 307.54 apiece, taking the transaction value to Rs 1,905.91 crore. After the latest transaction, WestBridge Capital's holding in Aptus Value Housing Finance declined to 16.19 per cent from 28.59 per cent. Meanwhile, SBI Mutual Fund, Axis Mutual Fund, Morgan Stanley Asia Singapore and Luxembourg-based Eastbridge Group cumulatively picked up over 1.67 crore shares or 3.35 per cent stake in Aptus Value Housing Finance for Rs 514 crore. The shares were purchased at an average price of Rs 307 per piece, taking the combined deal value to Rs 514.64 crore. Details of the other buyers of Aptus Value Housing Finance's shares could not be identified on the exchange. Shares of Aptus Value Housing Finance India plunged 9.06 per cent to close at Rs 306 apiece on the NSE. PTI HG HG BAL BAL
Business Upturn
4 days ago
- Business
- Business Upturn
Aptus Value Housing shares drop 8% after Rs 1140 crore block deal; 7.4 percent equity changes hands
By News Desk Published on June 3, 2025, 09:30 IST Shares of Aptus Value Housing Finance slipped over 8 percent in early trade on Tuesday after a large block deal hit the counter. At 9:28 AM, Aptus Value Housing shares were trading at Rs 308.55 on the NSE, down 8.31 percent from the previous close of Rs 336.50. The stock touched a low of Rs 305.50 earlier in the session. According to block deal data, around 7.4 percent equity — translating to approximately 37.1 crore shares — changed hands in a block deal valued at about Rs 1,140 crore. The identity of buyers and sellers is yet to be confirmed. Reports had earlier indicated that private equity firm Westridge Investments was looking to offload around 9.8 percent stake via block deals, with a floor price set at Rs 305 per share. Tuesday's transaction indicates healthy demand around the offered price, though the selling pressure has dragged the stock lower in opening trade. News desk at
Business Upturn
5 days ago
- Business
- Business Upturn
Westridge to sell 9.8 percent stake in Aptus Value Housing through Rs 1,495 crore block deal
Investor Westridge is looking to divest a 9.8 percent stake in Aptus Value Housing Finance via a large block deal. The floor price for the deal has been fixed at Rs 305 per share. The total size of the block deal is estimated at around Rs 1,495 crore. Advertisement The deal is expected to see strong participation from institutional investors seeking exposure to the affordable housing finance segment. Disclaimer: This article is for informational purposes only and does not constitute investment advice.
