As per the latest shareholding pattern, AU Small Finance Bank Ltd held 4.57% in the firm.
Nomura India Investment Fund Mother Fund, SBI Life Insurance Company Ltd bought 1.15% and 0.84% stake in Aavas Financiers Ltd for ₹136.35 crore and ₹99.99 crore respectively.
Aavas Financiers, earlier known as Au Housing Finance was sold to private equity firms Kedaara Capital and Partners Group by its parent Au Small Finance Bank in 2016. Aavas listed on stock exchanges in 2018.
In August, Partners sold a ₹361 crore stake in the lender through a block deal. Earlier in February, Kedaara Capital had sold part of its Aavas stake for ₹666 crore.
Aavas Financiers Ltd reported a net profit for the second quarter ended September 2020 at ₹66.04 crore, against ₹76.03 crore for the corresponding quarter of the previous year. Total income stood at ₹270.45 crore, for the September quarter registering an increase of 16.9% year-on-year.
Shares of Aavas Financiers gained 2.3% to close at ₹1527.05, while the benchmark index, Sensex rose 0.44% to close at 44,077.15 points on Monday on BSE.