Aptus Value Housing Finance Promoters Offload Stake For Rs 1,024 Crore

SBI Mutual Fund on Tuesday bought 3.65% stake in the company comprising 182.32 lakh shares at Rs 294 per share.

A picture depicting housing loans. (Source: Aptus Value Housing Finance website)

Westbridge Crossover Fund LLC and JIH LI LLC, the promoters of Aptus Value Housing Finance, offloaded 6.99% stake in the company for Rs 1,024 crore in open market on Tuesday.

While Westbridge Crossover Fund sold 2.47 crore shares representing 4.96% stake at Rs 294.15 per share, JIH LI LLC sold its entire 2.03% stake in the company for Rs 294.73 apiece, according to bulk deal data in NSE.

Westbridge Crossover Fund held 34.46% stake in the company and JIH LI owned 2.03% as of March 2024, according to BSE data.

SBI Mutual Fund on Tuesday bought 3.65% stake comprising 182.32 lakh shares at Rs 294 apiece and East Bridge Capital Master Fund I bought 43.18 lakh representing 0.86% at Rs 294 per share.

According to BSE data, SBI Conservative Hybrid Fund held 3.65% stake in the company as of March 2024.

Shares of Aptus Value closed 5.81% lower at Rs 297.65 apiece compared with a 0.12% rise in the benchmark NSE Nifty.

Also Read: PB Fintech Public Shareholders Sell Stake For Rs 1,109 Crore

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Pratiksha Thayil
Pratiksha covers markets and business news at NDTV Profit. She has a keen i... more
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