New Delhi: Swiss financial services firm UBS Group purchased HDFC Bank shares worth more than Rs 543 crore in an open market deal on Wednesday. Based on block deal data on the BSE, UBS Principal Capital Asia, a unit of UBS Group, acquired 30.72 lakh shares of HDFC Bank, which is located in Mumbai. The stocks were purchased for an average price of Rs 1,768.05 each, resulting in a total transaction amount of Rs 543.27 crore.
Paris-based BNP Paribas sold these shares through its affiliate BNP Paribas Financial Markets at the same price. HDFC Bank's stocks increased by 0.59 pc and ended at Rs 1,778.85 per share on the BSE. Goldman Sachs purchased 5.52 lakh shares of Five-Star Business Finance on the BSE in a block deal worth more than Rs 45 crore using an open market transaction. The data displayed on the exchange indicated that the total deal value amounted to Rs 45.50 crore, as the shares were purchased at an average cost of Rs 824 per share. At the same price, Duro Capital from Singapore sold the shares through its subsidiary Duro India Opportunities Fund Pte Ltd FDI.
Duro Capital is a firm that focuses on investments in India and manages the Duro India Opportunities Fund. Wednesday saw a 4.51 percent surge in Five-Star Business Finance shares, closing at Rs 808.40 each on the BSE. According to the statement, the bank declared a 20 percent dividend for FY24 at its yearly general meeting.
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