newsdesk@business-northeast.com

+91 6026176848

More forecasts: New York weather 30 days

Goldman Sachs Buys BSE Shares For Rs 401 Crore

BNE News Desk , February 20, 2025
Spread the love
Share on Twitter

New Delhi: Banking and financial services major Goldman Sachs bought shares of the leading stock exchange, BSE, for Rs 401 crore in an open market transaction on Wednesday.

According to the bulk deal data available on the National Stock Exchange (NSE), US-based Goldman Sachs, through its arm Goldman Sachs (Singapore), purchased 7.28 lakh shares of BSE Ltd.

The shares of Mumbai-headquartered BSE were picked up at an average price of Rs 5,504.42 apiece, taking the deal value to Rs 401.19 crore.

Details of the sellers of BSE shares could not be ascertained on the bourse. BSE shares rallied 8.14 per cent to close at Rs 5,608.50 per piece on the NSE on Wednesday.

ALSO READ: SEBI Proposes Stricter Financial Disclosure Norms For REITs, InvITs

On February 6, BSE reported its net profit doubling to Rs 220 crore for three months ended December 2024. The company had posted a net profit of Rs 108.2 crore in the same quarter of the preceding fiscal.

The exchange recorded its highest-ever quarterly revenue of Rs 835.4 crore in the October-December period of the current financial year (FY25), a 94 per cent jump from Rs 431.4 crore in the same period preceding fiscal.

BSE witnessed an average daily turnover of Rs 6,800 crore for the quarter under review compared to Rs 6,643 crore a year ago.