WestBridge Capital is likely to sell its entire 16.46% stake in Aptus Value Housing Finance through block deals, reported CNBC-Awaaz on September 3 citing sources.
Total block deal size could be Rs 2,600 crore, the channel reported adding that the floor price is likely to be Rs 316 per share.
The floor price represents 5% discount from the current market price of the stock.
In June, WestBridge Capital divested a 12.4% stake in Aptus Value Housing Finance for Rs 1,906 crore through an open market transaction.
According to the bulk deal data available on the NSE, the private equity firm, through its arm WestBridge Crossover Fund LLC, offloaded more than 6.19 crore shares. The shares were sold at an average price of Rs 307.54 apiece.
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% stake in Aptus Value Housing Finance for Rs 514 crore.
On July 31, Aptus Value Housing Finance India Ltd reported a 27% growth in net profit to Rs 219 crore for the first quarter ended June 2025.
The mortgage company had earned a net profit of Rs 172 crore in the year-ago period.
The total income of the company rose to Rs 530 crore against Rs 405 crore in the year-ago period, Aptus Value Housing Finance said in a regulatory filing.
The total expenses during the period under review grew to Rs 245 crore from Rs 183 crore in the corresponding period a year ago.
The Assets Under Management (AUM) increased by 24% to Rs 11,267 crore as compared to Rs 9,072 crore at the end of the first quarter of the previous fiscal.
On the asset quality side, the company witnessed a slight increase in delinquency, driven by seasonality, leading to a 19 basis point sequential rise in gross non-performing assets to 1.49%.
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