Finance

UBS Principal Capital Asia sells IndusInd Bank’s shares worth Rs 354 cr

UBS Principal Capital Asia Ltd on Thursday sold IndusInd Bank shares worth nearly Rs 354 crore through an open market transaction.

Bulk deal data with the BSE showed that over 33.91 lakh shares were offloaded at an average price of Rs 1,034.5 apiece. This took the total transaction value to Rs 353.89 crore.

Through a separation transaction, Societe Generale purchased the shares at the same price.

On the BSE, shares of IndusInd Bank jumped 7.34 per cent to close at Rs 1,131.25 apiece.

Separately, CDC Group Plc sold 1 crore shares of IIFL Finance for Rs 294.52 crore.

It sold the shares at a price of Rs 294.52 apiece.

At the end of June quarter, CDC Group Plc, a public shareholder, held 15.44 per cent stake in IIFL Finance.

Shares of IIFL Finance Ltd declined nearly 5 per cent to end the day at Rs 294.5 apiece on the BSE.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor



Credit – Financial matters

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button