PE firm Westbridge Capital has bought 1.5% stake in AU Small Finance Bank for Rs. 736 crores sold

Private equity firm Westbridge Capital on Tuesday acquired AU Small Finance Bank through an open market transaction for Rs. 736 crore sold 1.5 percent stake. According to bulk deal data available on BSE, Westbridge Capital through its affiliate Westbridge AIF I has sold 1,08,95,517 shares amounting to 1.5 per cent stake in AU Small Finance Bank.

A share average of Rs. 676.06, valuing the deal at Rs. 736.60 crores.

At the end of June quarter, Westbridge AIF I held 1.75 per cent stake in AU Small Finance Bank (SFB).

Details of buyers of AU Small Finance Bank shares could not be identified.

Shares of AU Small Finance Bank fell 0.96 percent on the BSE to Rs. It closed at 674.45.

In June this year, Westbridge Capital invested in AU Small Finance Bank for Rs. 845 crore sold 1.7 percent stake.

In a separate wholesale deal on the BSE, DKL Broking & Infra LLP and Credible Investments Limited acquired a 2.8 per cent stake in realty firm Signature Global through an open market transaction for Rs. 575 crore was sold.

According to bulk deal data available on BSE, DKL Broking and Infra LLP sold 2.3 lakh shares of Signature Global and 1.7 lakh scrips of Credible Investments, a Gurugram-based realty firm.

Disposal of shares Rs. 1,432.20-1,444.27 in the price range, valued at Rs. 575.65 crores.

After the share sale, Credible Invest exited the firm by selling 1.21 per cent stake while DKL Broking & Infra LLP’s stake fell to 4.43 per cent from 6.06 per cent.

The details of the buyers of Signature Global’s shares were not known.

Signature Global’s scrip on the BSE fell 5.85 percent to Rs. It closed at 1,409.95.