WestBridge trims stake in Aptus Housing Finance, sells shares value Rs 1,906 crore

WestBridge Capital on Tuesday bought a 12.4 per cent stake in Aptus Worth Housing Finance, amounting to Rs 1,906 crore, by way of an open market transaction.The personal fairness agency, one of many promoters of Aptus Worth Housing Finance, executed the sale by means of its funding arm, WestBridge Crossover Fund LLC. In keeping with bulk deal information on the NSE, over 6.19 crore shares had been bought at a median value of Rs 307.54 every, bringing the full transaction worth to Rs 1,905.91 crore, PTI reported.Following the stake sale, WestBridge Capital’s shareholding in Aptus Worth Housing Finance dropped to 16.19 per cent from 28.59 per cent.On the purchase aspect, SBI Mutual Fund, Axis Mutual Fund, Morgan Stanley Asia Singapore, and Luxembourg-based Eastbridge Group collectively acquired greater than 1.67 crore shares, equal to a 3.35 per cent stake, for a complete of Rs 514.64 crore. The shares had been purchased at a median value of Rs 307 apiece.Particulars of different consumers weren’t disclosed within the NSE information.Shares of Aptus Worth Housing Finance India closed 9.06 per cent decrease at Rs 306 on the NSE.