FBSL sells majority stake in AU Small Finance Bank

AU Small Finance Bank (AUBANK: BSE 540611) announced that Fincare Business Services Limited (FBSL), formerly its major shareholder, has divested the majority of its stake as part of its voluntary liquidation process. FBSL transferred 460,02,638 equity shares, representing approximately 6.15% of AU SFB, to FBSL's underlying shareholders. Following this transaction, FBSL now holds only 85,728 shares of AU SFB. The distributed shares went to various investor categories including FIIs/FPIs (2.99%), AIFs (1.16%), Domestic QIBs (0.81%), and Public and others (1.19%). This announcement is in line with SEBI regulations regarding substantial acquisition of shares.