BNP Paribas, Goldman Sachs Sell Nearly 1.7% Stake in BSE for Rs 2,186-Cr; Stock Falls Nearly 4%

New Delhi: Global financial heavyweights put a sizeable slice of BSE Ltd on the market, with BNP Paribas and Goldman Sachs together selling nearly 1.7 per cent stake in the stock exchange for Rs 2,186 crore through separate bulk deals on the NSE.

Paris-based BNP Paribas, through its affiliate BNP Paribas Financial Markets, sold 44.51 lakh shares on Tuesday, representing a 1.09 per cent stake in BSE, according to exchange data.

Goldman Sachs, through its arm Goldman Sachs Investments Mauritius I Ltd, offloaded more than 23.81 lakh shares, amounting to a 0.58 per cent stake in the Mumbai-based exchange.

The shares were sold in the price range of Rs 3,199.54-3,200 apiece, taking the aggregate value to Rs 2,186.44 crore.

On the buying side, UTI Mutual Fund picked up 27.12 lakh shares of BSE, while Nippon India Mutual Fund bought 25.29 lakh shares.

The two mutual funds acquired the shares at an average price of Rs 3,200 apiece, taking the combined value of their purchases to Rs 1,677.60 crore.

Details of other buyers could not be identified from the bourse data.

Shares of BSE Ltd declined nearly 4 per cent to trade at Rs 3,080 apiece on the National Stock Exchange (NSE) on Wednesday.

In a separate bulk deal on the NSE, Chetan Kajaria Family Private Trust, one of the promoters of Kajaria Ceramics, sold 18 lakh shares or a 1.13 per cent stake in the company for Rs 214 crore through an open market transaction.

The shares were offloaded of at an average price of Rs 1,190.01 apiece.

Following the transaction, the combined holding of promoters and the promoter group in Kajaria Ceramics declined to 46.56 per cent from 47.69 per cent.

Meanwhile, SageOne Investment Managers, a Pune-based investment management firm, bought 10.5 lakh shares, or nearly a 1 per cent stake in the company for Rs 124.95 crore.

The details of other buyers of Kajaria Ceramics’ shares could not be identified from exchange data.

On Wednesday, the scrip of Kajaria Ceramics rose 5.5 per cent to trade at Rs 1,256 apiece on the NSE.

Kajaria Ceramics is India’s largest manufacturer of ceramic and vitrified tiles. It also has a presence in sanitaryware, faucets, plywood and tile adhesives.

(Disclaimer: Except for the headline, this article has not been edited by HDFC Sky editorial team and is auto-generated from PTI feed.)