BNP Paribas And Goldman Sachs Sell Nearly 1.7% Stake In BSE For Rs 2,186 Crore, Shares Slide Almost 4%
Mumbai: BNP Paribas and Goldman Sachs sold a combined 1.67 per cent stake in BSE Ltd for Rs 2,186.44 crore through separate bulk deals on the National Stock Exchange. BSE shares subsequently traded nearly 4 per cent lower on Wednesday. The transactions took place on Tuesday, with shares changing hands between Rs 3,199.54 and Rs 3,200 apiece, according to exchange data. Sensex Opens At 72,441 And…
BNP Paribas and Goldman Sachs have sold nearly 1.67% of their stake in BSE Ltd, worth Rs 2,186.44 crore, through separate bulk deals on the National Stock Exchange. The transactions occurred on Tuesday, with BSE shares trading between Rs 3,199.54 and Rs 3,200 per share. By Wednesday, the stock had fallen nearly 4%. BNP Paribas Financial Markets, an affiliate of Paris-based BNP Paribas, offloaded 44.51 lakh shares, equivalent to a 1.09% stake.
Goldman Sachs Investments Mauritius I Ltd sold over 23.81 lakh shares, representing a 0.58% holding. UTI Mutual Fund and Nippon India Mutual Fund bolstered their positions in BSE, buying 27.12 lakh and 25.29 lakh shares respectively, at an average price of Rs 3,200 per share. Their combined purchases valued at Rs 1,677.60 crore.
Other buyers remain unidentified. Meanwhile, Kajaria Ceramics' promoter trust sold 18 lakh shares, a 1.13% stake, for approximately Rs 214 crore. Following the sale, the promoters' stake in the company dropped to 46.56% from 47.69%. SageOne Investment Managers purchased 10.5 lakh Kajaria Ceramics shares, while other buyers were not identified. The company's shares surged 5.5% to Rs 1,256 on Wednesday.
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