Aptus Value Housing Finance India Limited has received a request from Westbridge Crossover Fund, LLC, to be reclassified from the ‘Promoter/Promoter Group’ category to the ‘Public’ category. This reclassification request includes associated entities and follows the divestment of their shareholding in the company. The company will proceed with the necessary steps, including board and shareholder approvals, to process this request.
Reclassification Request Details
Aptus Value Housing Finance India Limited announced on October 23, 2025, that it has received a formal request for reclassification from Westbridge Crossover Fund, LLC. The request seeks to change their status, along with associated entities, from being classified as part of the ‘Promoter/Promoter Group’ to the ‘Public’ category. This follows the full divestment of their equity stake in Aptus Value Housing.
Entities Seeking Reclassification
The reclassification request encompasses the following entities:
- Westbridge Crossover Fund, LLC
- JIH II, LLC
- Mountain Managers Private Limited on behalf of MMPL Trust
- Sandeep Singhal on behalf of Konark Trust
Next Steps
Aptus Value Housing will now undertake the necessary procedures to process the reclassification request. This includes seeking approval from the Board of Directors, followed by approvals from the Stock Exchanges (BSE and NSE), and ultimately, the shareholders of the company. This process is in accordance with the applicable regulations.
Source: BSE