- Wednesday, September 25, 2024
These shares were offloaded by Paris-based BNP Paribas through its affiliate BNP Paribas Financial Markets at the same price
By: Shajil Kumar
SWISS financial services company UBS Group on Wednesday bought shares of private sector lender HDFC Bank for over ₹5.43 billion (£48.59 million) through an open market transaction.
According to the block deal data available on the BSE, UBS Group’s arm UBS Principal Capital Asia purchased 3.07 million shares of Mumbai-based HDFC Bank.
The shares were picked up at an average price of ₹1,768.05 (£15.82) apiece, taking the transaction value to ₹5.43bn.
These shares were offloaded by Paris-based BNP Paribas through its affiliate BNP Paribas Financial Markets at the same price.
Shares of HDFC Bank rose 0.59 per cent to close at ₹1,778.85 apiece on the BSE.
In a separate block deal on the Bombay Stock Exchange, Goldman Sachs bought 552,000 shares of Five-Star Business Finance for over ₹450 million (£4.03m) through an open market transaction.
The shares were acquired at an average price of ₹824 apiece, taking the aggregate deal value to ₹455 million, the data showed on the exchange.
Meanwhile, Singapore-based Duro Capital through its arm Duro India Opportunities Fund Pte Ltd FDI sold these shares at the same price.
Duro Capital is an India-focused investment management firm and is the manager for the Duro India Opportunities Fund.
On Wednesday, shares of Five-Star Business Finance jumped 4.51 per cent to end at ₹808.40 per piece on the BSE. (PTI)
