Bulk deal: Goldman Sachs cuts stake in Manappuram Finance; CLSA sells shares of Sunteck Realty

Manappuram Finance saw a bulk deal on Thursday, with existing investor Goldman Sachs selling over 65.27 lakh shares worth around Rs 190 crore. The shares were picked up by Morgan Stanley. In a separate transaction, CLSA sold 71.61 lakh shares in Sunteck Realty for Rs 269 crore, with Goldman Sachs and Morgan Stanley emerging as buyers. Manappuram Finance bulk deal

Goldman Sachs sold shares at Rs 291 each, similar to Wednesday’s closing price of Rs 291.65 on the BSE. Shares of Manappuram Finance ended today with a gain of 1.8% at Rs 296.80.Goldman Sachs owned 1.53% shares, accounting for 1.29 crore shares through its subsidiary Goldman Sachs Bank Europe SE.

Goldman Sachs’ share sale comes amid a strong rally in the stock, which has risen 55% in the past twelve months. This is a significant outperformance over the benchmarks Nifty and BSE Sensex, whose returns in the same period are 11% and 9% respectively.

According to data from Trendlyne, the stock is currently trading above its 50-day and 200-day simple moving averages (SMAs) of Rs 293 and Rs 271 respectively.

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The Hong Kong-based financial services company held 76.20 lakh shares in the company through CLSA Global Markets Pte Ltd – ODI. This represents a 5.20% stake as of December 31, 2025.

In today’s bulk deal, the shares were sold at a price of Rs 375.10 per share.

Shares of Sunteck Realty today ended at Rs 388.80, up by Rs 13.70 or 3.65% from Wednesday’s closing price.

The buyers were Goldman Sachs Bank Europe SE and Morgan Stanley Asia (Singapore) PTE. While the former bought over 36.52 lakh shares, the latter bought 35.09 lakh shares.

Shares of Sunteck Realty are down 18% in the last twelve months. According to Trendlyne data, they are trading below their 50 and 200 day SMAs of Rs 409 and Rs 419 respectively.

Also read: Bulk deal with RBL Bank: BNP Paribas sells 60 lakh shares worth Rs 178 crore; BofA takes over the stakes

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