BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
AU Small Finance Bank Ltd. informed the exchanges that it has sold 3.5 million shares in Aavas Financiers, representing 4.46% of its paid-up capital.
With this stake sale, the bank has divested almost its entire stake, with a mere 3,383 shares being held by it at present. The stake sale, at Rs 1,527 per share, represents a sale of Rs 5.3 billion.
Consequently, the book increases by 12%/10% for FY21E/FY22E.
The Tier I ratio for the bank strengthens by approximately 210 basis point to 20.4% versus 18.3% as at Q2 FY20-end.
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