The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for WestBridge Crossover Fund, LLC
APTUS · price
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WestBridge Crossover Fund, LLC, along with promoter group entities Konark Trust and MMPL Trust, sold 6,73,92,039 equity shares (about 13.48% of total share capital) of Aptus Value Housing Finance India via an on-market sale on June 3, 2025. WestBridge's individual holding dropped from 29.50% to 16.19%, while total promoter group holding came down from 30% to 16.46%. The filing confirms the seller is classified as part of the Promoter/Promoter Group despite WestBridge being a Mauritius-based foreign fund. No encumbrance (pledge/lien) was created or invoked as part of this transaction.
This is a large promoter-group divestment that significantly reduces skin-in-the-game and may create supply pressure on the stock in the near term. Post-sale promoter holding of 16.46% means the company has low promoter shareholding, which could be a sentiment negative for some investors looking for strong promoter alignment.