BNP Paribas acquires RS 1.806 Crore in interests in handy Hero Motocorp and Indusind Bank shares via Bulk Deals

BNP Paribas purchased on Monday 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 lender of the private sector. It spent a total of RS 1,806 Crore to buy the shares of the two companies.

The shares were purchased via BNP Paribas Financial Markets, a BNP Paribas division aimed at providing capital markets and investment services to institutional customers, companies and governments. It is essentially the trade, investment banking and market solutions of the bank.

In Hero Motocorp, BNP bought more than 19.52 Lakh shares at a price of RS 5,302.91 each, marginally lower from the Friday closing race of RS 5,328. The share ended today with a profit of 0.33% on the NSE on RS 5,345.50.

A few bulk deals were performed in Indusind Bank. BNP bought more than 1.06 crore shares at a price of RS 723.6 each in one deal with dealer size of RS 772 Crore. In another deal, the 7,969 shares sold shares at a price of RS 728.15 each, so that the deal size was brought to 58 Lakh. It was a net copper at around RS 771 Crore.

BNP Paribas Financial Markets was also a net seller of shares in Max Healthcare Institute. It sold more than 82.90 Lakh shares in the company with a total consideration of RS 922 Crore. The selling price of the shares was RS 1,111.66 each. It also bought more than 3.53 Lakh shares at a price of RS 1,125.02 per share, which brought the deal size to RS 40 Crore. The RS 882 CRORE sold to shares on a net basis.

Also read: Force Motors Bulk Deal: BNP Paribas sells shares worth RS 122 Crore in Multibagger Stockshares from Max Healthcare Institute that today ended on RS 1,105 on the NSE, falling with RS 18.40 or 1.64% on the Friday closing price. In another bulk deal, Aether Industries shares were sold by Goldman Sachs via Goldman Sachs Goldman Sachs India EQ portfolio. It sold more than 11.51LAKH shares at a price of RS 735.01 per share. The total deal size was approximately RS 85 Crore.

Aether industries shares are closed today on RS 745.10, with RS 10.40 or 1.42%.

(Disclaimer: recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)