MUMBAI : Private equity (PE) firm WestBridge Capital is set to sell its remaining stake in Aptus Value Housing Finance India Ltd via a block deal worth up to ₹2,600 crore, according to a deal term sheet seen by Mint. The deal will see 82.3 million shares—16.46% of the company’s outstanding equity—change hands, the document showed.Also Read | Block deals stage a comeback. Are QIPs and IPOs next? Described as a “clean-out trade”, the pure secondary sale—with no fresh equity issuance by Aptus Value—will mark WestBridge’s complete exit from the company under the deal terms. The floor price has been fixed at ₹316 per share, implying a discount of up to 5% to Aptus Value’s 3 September closing of ₹332.15 on National Stock Exchange (NSE). At the floor price, the transaction size is pegged at approximately ₹2,600 crore ($295 million). Earlier in June, WestBridge Capital sold a 12.4% stake in the housing finance firm, amounting to ₹1,906 crore, via an open-market transaction.Also Read | ‘India IPO boom narrows private equity returns gap with China’ The Chennai-headquartered firm—founded by Munuswamy Anandan and Padma Anandan in 2009—went public in 2021 and currently has a market capitalization of about ₹16,239 crore. It focuses on retail housing finance for low- and middle-income self-employed customers in rural and semi-urban markets. The company reported a growth of 27.66% in its net consolidated profit during the June quarter. Its profit after tax stood at ₹219.25 crore against ₹171.74 crore in the year-ago quarter. Its net consolidated total income stood at ₹530.14 crore, up 31.02% from ₹404.62 crore a year ago. WestBridge Capital first invested $16 million in the lender’s Series B round in 2014. Its last participation was in the $122 million Series D round in 2019, at a $725 million valuation, alongside JIH, Steadview, Malabar Investments, Redwood Trust, ABG Capital, and Peak XV Partners, according to Tracxn. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
WestBridge Capital plans to completely divest its stake in Aptus Value through a block deal worth ₹2,600 crore.
