WestBridge Capital is set to exit from Aptus Value Housing Finance India Ltd., offloading its entire stake through a large block deal. According to a CNBC-TV18 report, the private equity firm will sell 8.23 crore shares, representing a 16.46% equity stake in the company.
The deal, pegged at around ₹2,600 crore, will be executed as a clean-out trade via block deal.
The floor price for the transaction has been set at ₹316 per share, which reflects about a 5% discount to the current market price (CMP). Investec is acting as the broker for the deal.
