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.
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.
