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.

Westbridge Crossover Fund LLC is set to make a significant move in the Indian financial sector by divesting its entire stake in Aptus Value Housing Finance India Ltd . The fund plans to sell 8.23 crore shares, representing a 16.5% stake in the company, through an open market transaction valued at approximately Rs 2,600 crore.

Stake Sale Details

The planned exit by Westbridge Crossover Fund involves selling its shares at Rs 316.00 per share, which represents a 5% discount to the current market price of Rs 332.15. This move comes after the fund held a 16.19% stake in Aptus Value Housing Finance as of June 2023.

Recent Divestment Trend

This latest development follows a series of stake sales by the company's promoter:

• A 12.61% stake sale in June 2023
• A 4.96% stake sale in May 2021

These consecutive divestments indicate a shifting ownership structure within Aptus Value Housing Finance.

Company Growth Prospects

Despite the ongoing stake sales, Aptus Value Housing Finance maintains an optimistic outlook on its future performance:

• The company expects a lending growth of 20-22% in the near term
• A robust 29% year-on-year growth is anticipated over the next two to three years

Factors Supporting Growth

P Balaji, the Managing Director of Aptus Value Housing Finance, highlighted two key factors that are expected to bolster the company's growth:

1. Recent Repo Rate Reduction: The Reserve Bank of India's decision to lower the repo rate is seen as a positive development for the company.

2. Upgraded Credit Rating: CARE Ratings has recently upgraded the company's credit rating, which is expected to have a favorable impact.

These factors, according to Balaji, will enable Aptus Value Housing Finance to access funds at more affordable terms, potentially driving its expansion and lending activities.

As the financial landscape continues to evolve, the stake sale by Westbridge Crossover Fund and Aptus Value Housing Finance's growth projections will likely draw significant attention from investors and industry observers alike.