Tuesday, November 24, 2020

AU Small Finance Bank moves up on selling 4.46% stakes in Aavas Financiers

AU Small Finance Bank is currently trading at Rs. 885.10, up by 15.90 points or 1.83% from its previous closing of Rs. 869.20 on the BSE.

The scrip opened at Rs. 882.00 and has touched a high and low of Rs. 890.65 and Rs. 879.20 respectively. So far 3174 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1217.70 on 02-Mar-2020 and a 52 week low of Rs. 366.20 on 27-May-2020.


Last one week high and low of the scrip stood at Rs. 944.60 and Rs. 865.45 respectively. The current market cap of the company is Rs. 26975.50 crore.

The promoters holding in the company stood at 29.00%, while Institutions and Non-Institutions held 46.14% and 24.86% respectively.

AU Small Finance Bank has sold 35,00,000 equity shares face value of Rs 10 each held in Aavas Financiers (AAVAS) constituting 4.46% of paid up capital of Company. Post aforesaid sale the balance shareholding stands at 3,383 equity shares in AAVAS.

AU Small Finance Bank is a small finance bank (SFB) that has recently transitioned from a prominent, retail focused nonbanking finance company (NBFC), which primarily served low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels.

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