AZB & Partners act for Selling Shareholders in the IPO of Aptus Value Housing Finance
Aptus Value Housing Finance has filed a Draft Red Herring Prospectus (DRHP) with capital markets regulator SEBI to raise
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AZB & Partners act for Selling Shareholders in the IPO of Aptus Value Housing Finance Aptus Value Housing Finance has filed a Draft Red Herring Prospectus (DRHP) with capital markets regulator SEBI to raise funds through an Initial Public Offering (IPO) comprising a fresh issue of equity shares aggregating up to Rs. 5,000 million, and an offer for sale by the selling shareholders of up...
AZB & Partners act for Selling Shareholders in the IPO of Aptus Value Housing Finance
Aptus Value Housing Finance has filed a Draft Red Herring Prospectus (DRHP) with capital markets regulator SEBI to raise funds through an Initial Public Offering (IPO) comprising a fresh issue of equity shares aggregating up to Rs. 5,000 million, and an offer for sale by the selling shareholders of up to 64,590,695 equity shares.
Aptus Value Housing Finance is one of the largest housing finance companies in the country in terms of assets under management, with the largest branch network in South India. Private equity investors Westbridge Capital, Sequoia Capital, Steadview Capital and Malabar Investment Advisors hold a stake of about 55% in Aptus.
AZB & Partners advised the selling shareholders, namely: WestBridge Crossover Fund, LLC; Aravali Investment Holdings; JIH II LLC; GHIOF Mauritius; and Madison India Opportunities IV as to the aspects of Indian law.
The team comprised of Partners – Srinath Dasari and Lionel D'Almeida and Senior Associates – Rahul Aggarwal, Shantanu Singh and Bharat Mordani.