WestBridge to fully exit Aptus Value in ₹2,600 cr block deal

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.

- Mansi Verma

The deal will see 82.3 million shares—16.46% of the company's outstanding equity—change hands, the document showed.

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 the National Stock Exchange (NSE).