WestBridge Capital to fully exit Aptus Value via ₹2,600-crore block deal
Mumbai
: Private Capital (PE) company Westbridge Capital, Aptus Value Housing Finance India Ltd will sell the remaining stake and sell through a block agreement La2,600 CRORE according to an agreement period page Mint.
In the document, the agreement will see that 82.3 million shares – 16.46% of the company’s extraordinary self -esteem – will be seen.
According to the pure secondary sales-optus value, which is described as “Cleaning Trade”, it will receive the full exit of the company Westbridge from the company in terms of agreement.
FLOOR PRICE FIXED La316 per share, up to 5% of Aptus Value’s closing of September 3 La332.15 National Stock Exchange of Securities (NSE).
In the ground price, the process size is fixed approximately La2,600 Crore ($ 295 million). In the early June, Westbridge Capital was selling a share of 12.4% at the housing finance company. La1,906 crore through open market process.
Hunted by Munuswamy Anandan and Padma Anandan in 2009, the Chennai -based company opened to the public in 2021 and currently has a market value. La16.239 Crore.
In rural and semi -urban markets, it focuses on retail housing financing for low and medium -income self -employed customers.
In June quarter, the company reported a growth of 27.66% in NET consolidated profit. Post -tax profit La219.25 CRORE La171.74 Crore compared to the previous year.
Net consolidated total income La530.14 Crore, 31.02% increase LaA year ago 404.62 Crore.
