BofA Securities picks up IndusInd Bank shares worth Rs 364 crore

BofA Securities Europe SA on Friday picked up 36.18 lakh shares of IndusInd Bank for Rs 364 crore through a market transaction.

The shares were offloaded by UBS Principal Capital Asia Ltd.

According to block deal data available with the BSE, BofA Securities Europe SA purchased a total of 36,18,000 shares of the private sector lender.

The shares were purchased at an average price of Rs 1,006, valuing the transaction at Rs 363.97 crore.

FPJ Shorts

Hrithik Roshan Shares Jaw-Dropping Shirtless Pics From 1984 To 2026; Reveals His Hardwired Obsession With 'Bollywood Biceps'

Lollapalooza India 2026 To Begin In Mumbai This Weekend: Linkin Park, Playboi Carti & 40+ Artists Set To Perform At Mahalaxmi Racecourse

Supreme Industries Q3 Profit Declines Despite Volume Growth; Revenue Rises To ₹2,705 Crore

Maharashtra: 7 Teachers Suspended Over Fake Disability Certificates In Nanded

As of March 2021, BofA Securities Europe SA (ODI) held a 3.2 per cent stake in IndusInd Bank, while UBS Principal Capital Asia owned 1.24 per cent holding in the bank, shareholding data with the BSE showed.

Earlier in January, BofA Securities Europe SA bought 39.50 lakh shares of the bank at Rs 928 per share. In November 2020, it had purchased 32.64 lakh shares of IndusInd Bank from Goldman Sachs (Singapore) Pte (ODI) at Rs 678.10 per share.

IndusInd Bank settled at Rs 1,009.25 apiece on the BSE on Friday, up 0.34 percent from the previous close.