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Au Small Finance Bank Ltd.: Redwood Investments sells AU Small Finance Bank shares worth over Rs 1,247 crore


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NEW DELHI: Redwood Investments Ltd on Friday sold more than 1 crore shares of AU Small Finance Bank worth over Rs 1,247 crore through an open market transaction. As per the bulk deal data available on the BSE, Redwood Investments offloaded 1.37 crore shares of AU Small Finance Bank at an average price of Rs 910.55 apiece.
This took the total deal value to Rs 1,247.69 crore.
In a separate transaction, Westbridge AIF I purchased 59.50 lakh shares of AU Small Finance Bank at an average price of Rs 911.37 per share.
According to the shareholding data of AU Small Finance Bank for September 2020 quarter, Redwood Investment Ltd and Westbridge AIF I held 4.58 per cent and 1.95 per cent stake, respectively, in the bank as public shareholders. ....

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