Saturday, August 2, 2025

Creating liberating content

NEW DELHI: On a day when US notified additional levies

Related News

Volvo Cars India has revised its earlier strategy of transitioning to an all-electric portfolio, opting instead to continue selling both electric and internal combustion engine (ICE) vehicles in the country.

US President Donald Trump on Saturday claimed that he had “heard” reports of India halting Russian oil imports, hailing it as a “good step”. “I understand that India is no

NEW DELHI: On a day when US notified additional levies for countries, with 25% imposed on Indian exports, govt hardened its position asserting that farm and dairy products, genetically modified

Ever since President Trump began raising tariffs on goods from China during his first term, Chinese companies have raced to set up warehouses and factories in Southeast Asia, Mexico and

Hyderabad: Fast food giant McDonald’s has rustled up plans to invest $100 million (about Rs 875 crore) in its new global office in Hyderabad over the next couple of years

New Delhi: Goods and services tax (GST) collections rose 7.5% to Rs 1,95,735 crore in July, showing signs of a pick-up from the previous month, although the growth was slower

Trending News

US President Donald Trump on Saturday claimed that he had “heard” reports of India halting Russian oil imports, hailing it as a “good step”. “I understand that India is no

Ever since President Trump began raising tariffs on goods from China during his first term, Chinese companies have raced to set up warehouses and factories in Southeast Asia, Mexico and

New Delhi: Goods and services tax (GST) collections rose 7.5% to Rs 1,95,735 crore in July, showing signs of a pick-up from the previous month, although the growth was slower

Mumbai: UPI transactions reached a new peak in July 2025, with a record 1,947 crore transactions worth nearly Rs 25.1 lakh crore. This marked a 35% year-on-year growth in transaction

NEW DELHI: With due diligence for the sale of govt stake in IDBI Bank completed, Centre is all set to invite financial bids during the Dec quarter as it expects

MUMBAI: Payment aggregators are feeling the pinch as ICICI Bank has now started charging them for processing purchases made using UPI,Fintechs that route transactions through the bank must now factor

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

Word Count: 498 | Estimated Reading Time: 3 minutes


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

WestBridge Capital on Tuesday sold a 12.4 per cent stake in Aptus Value Housing Finance, amounting to Rs 1,906 crore, via an open market transaction.The private equity firm, one of the promoters of Aptus Value Housing Finance, executed the sale through its investment arm, WestBridge Crossover Fund LLC. According to bulk deal data on the NSE, over 6.19 crore shares were sold at an average price of Rs 307.54 each, bringing the total transaction value to Rs 1,905.91 crore, PTI reported.Following the stake sale, WestBridge Capital’s shareholding in Aptus Value Housing Finance dropped to 16.19 per cent from 28.59 per cent.On the buy side, SBI Mutual Fund, Axis Mutual Fund, Morgan Stanley Asia Singapore, and Luxembourg-based Eastbridge Group collectively acquired more than 1.67 crore shares, equivalent to a 3.35 per cent stake, for a total of Rs 514.64 crore. The shares were bought at an average price of Rs 307 apiece.Details of other buyers were not disclosed in the NSE data.Shares of Aptus Value Housing Finance India closed 9.06 per cent lower at Rs 306 on the NSE.





Source link

Sign In

Welcome ! Log into Your Account