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Redwood Investment sells stake worth Rs 1,531 cr in AU Small Fin Bank

Press Trust of India  |  New Delhi 

Global investor today sold over 8 per cent stake in AU for Rs 1,531 crore, through open market transactions.

The block deal data available with the showed that Redwood disposed of 2.40 crore shares, or 8.27 per cent stake in the

The shares were disposed of at an average price of Rs 638, valuing the transactions at Rs 1,531.20 crore.

Also, sold 28.79 lakh shares, amounting to 0.99 per cent stake in the

The shares were offloaded at a price of Rs 638 apiece by Ourea, translating into a transaction worth Rs 183.70 crore.

Among the buyers of the shares were AU Small Finance Bank's promoter Sanjay Agarwal, SBI Mutual Fund, Nomura India Investment Fund Mother Fund, and

AU settled for the day on the at Rs 694.60, up 7.92 per cent from the previous close.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 10 2018. 19:35 IST