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PE-backed AU Small Finance Bank sells stake in former housing fin arm

By Bruhadeeswaran R

  • 23 Nov 2020
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PE-backed AU Small Finance Bank sells stake in former housing fin arm
Credit: Pexels

Private equity-backed AU Small Finance Bank Ltd has all but exited its residual holding stake in Aavas Financiers Ltd, an affordable housing loan provider incorporated by the bank almost a decade back. On Monday, AU Small Finance Bank sold about 3.5 million shares or 4.46% for Rs 1,515.16 apiece taking out ......

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