In a significant market move, WestBridge Crossover Fund, LLC (WBCF) has completely divested its stake in Aptus Value Housing Finance India Limited , a prominent player in the Indian housing finance sector. The transaction, which took place on September 4, saw WBCF selling its entire holding of 8,09,11,314 equity shares, representing 16.19% of the company's total equity capital.

Details of the Transaction

The sale was executed through on-market transactions, reducing WBCF's shareholding from 16.19% to zero. This move marks a complete exit for WBCF from Aptus Value Housing Finance, triggering regulatory disclosure requirements under the Securities and Exchange Board of India's (SEBI) takeover regulations.

Impact on Shareholding Structure

Prior to the sale, WBCF was part of the promoter group along with other persons acting in concert, including Konark Trust and MMPL Trust. The transaction involved shares from the total equity capital of 49,99,08,262 shares of INR 2 each. Following the sale, the shareholding structure has changed as follows:

Regulatory Compliance

In compliance with SEBI regulations, WBCF filed the necessary disclosures under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was made to both the BSE Limited and the National Stock Exchange of India Limited, as well as to the Board of Directors of Aptus Value Housing Finance India Limited.

Company's Recent Activities

While this significant change in shareholding unfolds, Aptus Value Housing Finance India Limited continues its regular business activities. The company recently announced a schedule of investor and analyst meetings, indicating its ongoing engagement with the financial community. These meetings, scheduled from September 8 to 11, include both virtual and physical one-on-one sessions with entities such as Phillip Capital, Pari Washington, JM Financial, and Eternity Capital.

The exit of a major shareholder like WestBridge Crossover Fund could potentially impact the company's stock performance and investor perception. Market participants will likely be watching closely to see how this change in ownership structure affects Aptus Value Housing Finance's future strategies and performance in the competitive Indian housing finance market.

Aptus Value Housing Finance India Ltd. has recently completed a significant block trade on the National Stock Exchange (NSE), marking a notable transaction in the financial sector. The deal, valued at Rs. 673.52 crore, involved the exchange of approximately 20,060,273 shares of the company.

Transaction Details

The block trade was executed at a price of Rs. 335.75 per share, reflecting the current market valuation of Aptus Value Housing Finance. This substantial transaction has drawn attention to the company within the housing finance segment.

Impact and Significance

Block trades of this magnitude often indicate significant investor interest or potential changes in ownership structure. For Aptus Value Housing Finance, this transaction could have various implications:

• Investor Confidence: The successful execution of such a large trade may signal strong investor interest in the company's stock.
• Market Liquidity: This block trade has likely contributed to increased liquidity for Aptus Value Housing Finance shares on the NSE.
• Potential Ownership Changes: While details about the parties involved in the transaction are not provided, such large trades can sometimes indicate shifts in major shareholdings.

About Aptus Value Housing Finance India Ltd.

Aptus Value Housing Finance India Ltd. operates in the housing finance sector, focusing on providing home loans and other related financial services. The company's shares are listed on the National Stock Exchange, where this significant block trade took place.

The completion of this Rs. 673.52 crore block trade underscores the dynamic nature of the Indian financial markets and highlights Aptus Value Housing Finance's position within the housing finance industry.