Promoters of Aptus Value sell shares worth Rs 1,028 crore

Mumbai: Promoters Westbridge Crossover Fund and JIH II sold shares of Aptus Value Housing Finance worth ₹1,027.94 crore in a bulk deal on NSE on Tuesday. They sold 3.49 crore shares at ₹294 apiece. As of March 2024, Westbridge Crossover Fund and JIH II owned 34.46% and 2.03%, respectively, stake in the company. East Bridge Capital Master Fund and SBI Mutual Fund were among buyers in the deal.

Shares of Aptus Value Housing Finance fell 5.56% to close at ₹298.6 on Tuesday. In the past one month the housing finance company's shares have fallen 6.7%.