Redwood Investment sells $221.5m stake in AU Small Finance Bank

Redwood Investment sells $221.5m stake in AU Small Finance Bank

Global investor Redwood Investment on Friday sold over 8% stake in AU Small Finance Bank for ₹1,531 crore, through open market transactions, PTI reported.

The block deal data available with the BSE showed that Redwood disposed of 2.40 crore shares, or 8.27% stake in the bank. The shares were disposed of at an average price of ₹638, valuing the transactions at ₹1,531.20 crore, the agency said.

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