- Today is:
ET NEWS
PM Modi’s ‘Sindoor’ jibe counters Sharif at UNGA
Ranveer Singh leads 2024 bollywood brand value
Bike makers opt to absorb the shock at premium end
India announces two rail links to Bhutan
India’s UN votes reflect its Palestine policy
Afghanistan: Taliban shut down communications
Netanyahu apologizes to Qatar for attack on Doha
BNP Paribas acquires Rs 1,806 cr worth stake in Hero & IndusInd Bank
BNP Paribas on Monday bought stakes in Nifty stocks Hero MotoCorp and IndusInd Bank via bulk deals. The French multinational bank acquired shares worth Rs 1,035 crore in the two-wheeler company and Rs 771 crore in the private sector lender. It spent a total of Rs 1,806 crore to buy the shares of the two companies. The shares were bought via BNP Paribas Financial Markets, a division of BNP Paribas focused on providing capital markets and investment services to institutional clients, corporates, and governments. It is essentially the bank’s trading, investment banking, and market solutions arm. In Hero MotoCorp, BNP bought over 19.52 lakh shares at a price of Rs 5,302.91 apiece, marginally lower from the Friday closing price of Rs 5,328. The stock today ended with gains of 0.33% on the NSE at Rs 5,345.50.In IndusInd Bank, a couple of bulk deals were executed. BNP bought over 1.06 crore shares at a price of Rs 723.6 apiece in the one deal at deal size of Rs 772 crore. In another deal, it sold 7,969 equity shares at a price of Rs 728.15 apiece taking the deal size to 58 lakh. It was a net buyer at approximately Rs 771 crore.BNP Paribas Financial Markets was also a net seller of shares in Max Healthcare Institute. It sold over 82.90 lakh shares in the company at a total consideration of Rs 922 crore. The selling price of the shares was Rs 1,111.66 apiece. It also bought over 3.53 lakh shares at a price of Rs 1,125.02 per share, taking the deal size to Rs 40 crore. On the net basis, it sold Rs 882 crore worth of shares.Also Read: Force Motors bulk deal: BNP Paribas sells shares worth Rs 122 crore in multibagger stockShares of Max Healthcare Institute today ended the day at Rs 1,105 on the NSE, declining by Rs 18.40 or 1.64% over the Friday closing price. In another bulk deal, Aether Industries shares were sold by Goldman Sachs via Goldman Sachs FDS Goldman Sachs India Eq Portfolio. It sold over 11.51lakh shares at a price of Rs 735.01 per share. The total deal size was approximately Rs 85 crore.Shares of Aether Industries today closed at Rs 745.10, gaining Rs 10.40 or 1.42%.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Trump confident of Gaza deal as he hosts Netanyahu
Maharashtra extends Class 12 exam form deadline
Moody's downgrades TaMo's outlook to negative
Tesla India commences deliveries of Model Y
Delhi BJP gets permanent address after 45 years
Canada lists Bishnoi Gang as a terrorist entity
Trump slaps 100% tariffs on movies made outside US
GST reforms to cut household costs by Rs 20k: PM
Silver touches ₹1.5L/kg, gold rises ₹1,500 to ₹1.19L/10g
No talks till normalcy restored in Ladakh: Leh Body
Air India raises $215 mn from StanChart, BOI
Pagination
The Economic Times: Breaking news, views, reviews, cricket from across India
Subscribe to ET NEWS feed
Recent comments