UBS Group AG sells shares of 7 companies worth Rs 4,961 crore

New Delhi: On Friday, UBS Group AG, a Swiss financial services company, conducted open market transactions to sell shares of seven companies, including Oil India and Dixon Technologies (India), amounting to Rs 4,961 crore. The Zurich-based UBS Group AG executed these sales through its affiliate UBS Principal Capital Asia on the National Stock Exchange (NSE) in separate bulk deals.

According to the bulk deal data from the NSE, UBS Principal Capital Asia sold Oil India shares worth Rs 972 crore, Dixon Technologies India shares for Rs 904 crore, and Rail Vikas Nigam Ltd shares for Rs 797 crore. Additionally, UBS Principal Capital Asia offloaded Zydus Lifesciences shares valued at Rs 756 crore and divested Vodafone Idea, Oracle Financial Services Software, and Prestige Estates Projects scrips for a combined total of Rs 1,531 crore on the NSE.

Meanwhile, Copthall Mauritius Investment sold 20.92 lakh shares of Prestige Estate for Rs 378 crore. UBS Principal Capital Asia acquired 34,054 stocks, while Copthall Mauritius Investment purchased 26,598 shares of Prestige Estate for a total amount of Rs 10.90 crore. As per exchange data, UBS Principal Capital Asia also bought 1.92 crore shares of private sector bank Bandhan Bank for Rs 384 crore. The identities of those who purchased shares in Oil India, Dixon Technologies, Rail Vikas Nigam Ltd, Zydus Lifesciences, Vodafone Idea, Oracle Financial Services Software, and Prestige Estate remain unknown, as do the sellers of Bandhan Bank shares.

UBS Group AG, a Swiss-based multinational investment bank and financial services company, was founded in Switzerland. On the NSE, Oil India's shares decreased by 0.81% to reach Rs 725.50 each, Dixon Technologies India's scrip dropped by 2.05% to settle at Rs 12,930.95 per piece, and Rail Vikas Nigam Ltd increased by 4.10% to close at Rs 603.55 per piece.

Similarly, Zydus Lifesciences stock fell 1.33% to end at Rs 1,117 each, Vodafone Idea shares at Rs 15.47, Oracle Financial Services Software at Rs 10,799.95, while Prestige Estates Projects rose 3.74% to Rs 1,790, and Bandhan Bank shares surged 3.70% to Rs 201.10 each on the stock exchange.

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