Aptus Value Housing stocks suffer 7% fall after Rs. 234 crore block deal

According to Bloomberg, 90.5 lakh shares which account for 1.8 per cent equity of the firm changed hands on Wednesday. The total value of the deal is reported at Rs 234 crore. 

Shares of Aptus Value Housing have suffered a fall of over 7% after it went through a large block deal on June 21. The value of shares shrunk to Rs 246 on BSE.

According to Bloomberg, 90.5 lakh shares which account for 1.8 per cent equity of the firm changed hands on Wednesday. The total value of the deal is reported at Rs 234 crore.

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The deal took place at an average price of Rs 250 per share which was a significant discount to the previous closing price. It was not known of the buyers and sellers in the deal. The performance of the stock has been unstable in the near past. it delivered negative returns of 18.65 percent so far this year. The stocks were listed at a price of Rs 353 last year, which was much higher than the current rate the stocks are floating.

Aptus Value Housing is a retail-based housing finance company. Their customer base consists of Low and Middle Income based people residing in the rural and semi-urban sector of the country. Their main territory of operations consists of Tamil Nadu, Karnataka, Andhra Pradesh and Telangana.