Mumbai, Sept. 3 -- Private equity (PE) firm WestBridge Capital is set to sell its remaining stake in Aptus Value Housing Finance India Ltd via a block deal worth up to Rs.2,600 crore, according to a deal term sheet seen by Mint.

The deal will see 82.3 million shares-16.46% of the company's outstanding equity-change hands, the document showed.

Described as a "clean-out trade", the pure secondary sale-with no fresh equity issuance by Aptus Value-will mark WestBridge's complete exit from the company under the deal terms.

The floor price has been fixed at Rs.316 per share, implying a discount of up to 5% to Aptus Value's 3 September closing of Rs.332.15 on National Stock Exchange (NSE).

At the floor price, the transaction size is pegged a...