Block deals in Aptus Value Housing

On June 3, 2025,

India witnessed significant trading activity, with block deals totaling ₹804 crore. Prominent investors such as Morgan Stanley, a Luxembourg-based fund, and Indian mutual funds including SBI Mutual Fund and Axis Mutual Fund participated as buyers. Despite this substantial institutional interest, Aptus Value Housing's shares experienced a sharp decline, dropping 10% to an intraday low of ₹305 on the Bombay Stock Exchange. This downturn followed reports that an 8.8% equity stake in the company was likely sold during the trading session through a block deal. The significant sell-off was primarily attributed to promoters WestBridge Capital and JIH II LLC. WestBridge Capital reduced its stake by 5%, while JIH II LLC exited the company entirely by selling its 2% stake. These transactions amounted to approximately ₹1,028 crore. In contrast, SBI Mutual Fund acquired a 3.65% stake, purchasing 1.8 crore shares at an average price of ₹294 per share. ***** Aptus Value Housing has demonstrated robust financial performance, with a 29% year-on-year growth in assets under management (AUM) for FY24, reaching ₹8,722 crore. The company reported a profit after tax of ₹612 crore for the same period, marking a 22% increase from the previous year. Looking ahead, Aptus aims for a 30% annual AUM growth over the next three to four years, targeting ₹25,000 crore in AUM by FY28. This growth strategy includes branch expansion, higher ticket sizes, and improved loan officer productivity. While the recent block deals and share price volatility have brought Aptus Value Housing into focus, the company's strong fundamentals and growth plans continue to attract institutional investors. Source: The Economic Times No Recommendations