Shares of Aptus Value Housing Finance India slumped nearly 5 percent on May 21 after a large deal worth Rs 1,075 crore took place on the exchanges.
Around 3.6 crore shares, making up a 7.2 percent stake in Aptus Value changed hands in the large trade. Moneycontrol could not immediately identify the buyers and sellers involved in the transaction.
At 09.30 am, shares of Aptus Value Housing Finance were trading at Rs 301.40 on the NSE.
Earlier this month, the housing finance company posted a 21 percent on year rise in its consolidated net profit to Rs 164 crore for the March quarter of FY24, up from Rs 135 crore in the year-ago period.
Asset quality also improved as gross non-performing assets (NPAs) fell to 1.07 percent in Q4 FY24 from 1.145 percent in the year-ago quarter, while net NPA dropped to 0.80 percent from 0.86 percent in the base period.
In addition, the company's board also approved plans to raise funds through the issuance of Non-Convertible Debentures (NCDs) via private placement, in one or more tranches up to an amount not exceeding Rs 2,250 crore.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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