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UBS Principal Capital Asia sells shares worth Rs 150 cr in Axis Bank

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NEW DELHI: UBS Principal Capital Asia Limited on Friday offloaded shares worth Rs 150 crore in Axis Bank by means of open market transactions.

A total of 35 lakh scrips of the private field lender were sold at a normal price of Rs 428.several apiece, valuing the deal with Rs 150 crore, based on block deal data in the BSE.

Through separate orders, the shares of Axis Bank were picked up by way of BofA Securities Europe VOTRE at the particular same price.

On the BSE, shares of Axis Bank on Friday concluded at Rs 433.a couple of apiece, up 0.05 per cent over the previous in close proximity.

Besides, through another business deal, BNP Paribas Arbitrage acquired shares worth over Rs 82 crore in Bandhan Bank.

The entity ordered a little over 27.41 lakh scrips of the loan provider at Rs 300 for every scrip.

The deal sum stood at Rs 82.23 crore.

The scrips were sold by Goldman Sachs (Singapore) Pte Ltd-ODI at the same price through a independent transaction, the block package data showed.

Shares regarding Bandhan Bank on the BSE on Friday closed with Rs 307.45 each, higher 2.48 percent over the previous close.

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