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Banking the buck

Director Uttam Tibrewal sells stock worth 36 crore in AU Small Finance Bank

After a stellar listing in July this year, AU Small Finance Bank continues to hog the limelight. The NBFC debuted with a 51% listing gain (issue price of Rs.358) and now trades at Rs.645. Institutional investors like Redwood Investment (belonging to Warburg Pincus), which held 21.03% stake prior to the IPO now holds 15.82% and Amansa Capital has also acquired a 1.22% stake. Labh Investments (ChrysCapital) and Ourea Holdings (Kedaara Capital) are the other major investors.

AU enjoys the rare distinction of being a non-microfinance institution to receive the license for

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