January 15, 2021

axis financial institution: UBS Principal Capital Asia sells shares price Rs 150 cr in Axis Financial institution

NEW DELHI: UBS Principal Capital Asia Ltd on Friday offloaded shares price Rs 150 crore in Axis Financial institution by means of open market transactions.

A complete of 35 lakh scrips of the personal sector lender had been offered at a median value of Rs 428.7 apiece, valuing the deal at Rs 150 crore, based on block deal knowledge on the BSE.

By means of separate transactions, the shares of Axis Financial institution had been picked up by BofA Securities Europe SA on the similar value.

On the BSE, shares of Axis Financial institution on Friday ended at Rs 433.2 apiece, up 0.05 per cent over the earlier shut.

Apart from, by means of one other transaction, BNP Paribas Arbitrage purchased shares price over Rs 82 crore in Bandhan Financial institution.

The entity bought somewhat over 27.41 lakh scrips of the lender at Rs 300 per scrip.

The deal quantity stood at Rs 82.23 crore.

The scrips had been offered by Goldman Sachs (Singapore) Pte Ltd-ODI on the similar value by means of a separate transaction, the block deal knowledge confirmed.

Shares of Bandhan Financial institution on the BSE on Friday closed at Rs 307.45 apiece, greater 2.48 per cent over the earlier shut.