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Peak XV Partners, formerly known as Sequoia Capital India & SEA, conducted a strategic financial move recently, divesting a noteworthy 1.5 percent stake in Aptus Value Housing Finance India through calculated open market transactions, amassing an impressive sum exceeding Rs 213 crore. This meticulous transaction, conducted via the National Stock Exchange (NSE), involved Peak XV Partners Investments VI relinquishing 74,35,937 shares at a median price of Rs 287 each. The resulting financial composition saw a substantial reduction in Peak XV Partners' stake within Aptus Value Housing Finance India, dropping from a commanding 2.61 percent to a more refined 1.11 percent.
Simultaneously, SBI Mutual Fund took an active role in the financial performance, securing 60 lakh shares, while Blue Diamond Properties Pvt Ltd acquired over 14.35 lakh shares, contributing to a 1.2 percent and 0.3 percent stake, respectively, in Aptus Value Housing Finance India Ltd. The shared acquisition price underscores the synchrony between these strategic investors. Following these market manoeuvres, Aptus Value Housing Finance India witnessed a robust surge of 5.98 percent, culminating in a closure at Rs 303.20 per share on the NSE.
Established on December 11, 2009, Aptus Value Housing Finance India is a distinguished entity in the realm of Home Loan companies. Its mission is meticulously crafted to address the housing finance needs of the self-employed, predominantly emanating from low- and middle-income families in semi-urban and rural markets across the nation. The company's financial symphony is a testament to its commitment to inclusivity and responsiveness to the unique financial cadence played by its diverse clientele.
In the realm of financial strategy, Peak XV Partners tactically restructured their holdings, witnessing a shift from 2.61 percent to 1.11 percent. Meanwhile, Aptus Value Housing Finance India's shares surged by 5.98 percent, concluding at Rs 303.20 each on the NSE. As this financial chapter concludes, it echoes the nuances of calculated decisions and market fluctuations, paving the way for the forthcoming developments in the dynamic landscape of investments.
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