The block deal data available with the BSE showed that Redwood Investment Ltd, an entity owned by Warburg Pincus, disposed off 6.92 million shares, or 2.26% stake in the bank. The shares were sold at an average price of ₹746.40, valuing the transactions at ₹517 crore.
According to the latest shareholding pattern available on the stock exchange, Warburg Pincus held 6.84% in the bank.
Previously in August 2018, Warburg Pincus had sold 2.40 crore shares, or 8.27% stake in the bank at an average price of ₹638, valuing the transactions at ₹1,531.20 crore.
AU Small Finance Bank reported a 5.5% rise in net profit at ₹201 crore for the first quarter of 2020-21 financial year. The bank had reported a net profit of ₹190 crore in the April-June period of 2019-20. Total income increased by 21% to ₹1409.91 crore in the first quarter of 2020-21 compared to ₹1168.33 crore in the same period of last year, it said in a regulatory filing.
Gross NPA stood at 1.69% as on 30 June 2020 against 2.08% by same period of 2019.
AU Small Finance Bank settled for the day on the BSE at ₹708.80, down 4.95% from the previous close.
The article was first published on livemint.com.