WestBridge Capital Sells 1.7% Stake in AU Small Finance Bank for Rs 845 Crore; Goldman Sachs Purchases 43.34 Lakh Shares

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WestBridge Capital Sells 1.7% Stake in AU Small Finance Bank for Rs 845 Crore; Goldman Sachs Purchases 43.34 Lakh Shares

The private equity firm WestBridge Capital sold a 1.7% stake in AU Small Finance Bank for Rs 845 crore through an open market transaction on Wednesday. Their affiliate,…

The private equity firm WestBridge Capital sold a 1.7% stake in AU Small Finance Bank for Rs 845 crore through an open market transaction on Wednesday. Their affiliate, Westbridge AIF I, offloaded 1.30 crore shares, amounting to a 1.75% stake, at an average price of Rs 650.08 per share. After the sale, WestBridge Capital’s shareholding in AU Small Finance Bank decreased from 3.82% to 2.07%.

Additionally, Goldman Sachs Investments Mauritius I acquired 43.34 lakh shares of AU Small Finance Bank at an average price of Rs 650 per share, totaling Rs 281.71 crore. Unfortunately, details of other buyers of AU Small Finance Bank shares are not available.

As a result of these transactions, shares of AU Small Finance Bank dropped 1.25% to close at Rs 656.20 apiece on the NSE.

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