Bulk and Block Deals Reported in Previous Session
Fidelity Investments has pared its holding in Aditya Birla Lifestyle Brands Ltd through an open market transaction, with the deal reflecting trading activity from the previous session.The US based asset manager, through its arm Fidelity Investments Fidelity Securities Fund and Fidelity Blue Chip Growth Fund, sold 2,36,97,487 equity shares, representing a 1.94 percent stake in Aditya Birla Lifestyle Brands. The shares were sold at an average price of Rs 110 per share, taking the total transaction value to about Rs 260.67 crore.
Market data did not disclose the identities of the buyers in the transaction. Following the trade, shares of Aditya Birla Lifestyle Brands ended the previous session lower by 2.07 percent at Rs 113.35 on the BSE.
Goldman Sachs and BNP Paribas Execute Tata Motors CV Unit Deal
In a separate block deal reported today but executed in the earlier session, global investment firm Goldman Sachs sold 35.43 lakh shares of Tata Motors commercial vehicle business unit.The sale was carried out by Goldman Sachs Bank Europe SE ODI at an average price of Rs 429.30 per share, valuing the deal at around Rs 152.10 crore. The shares were acquired by BNP Paribas through its arm BNP Paribas Financial Markets at the same price.
Shares of Tata Motors commercial vehicle business unit closed the previous session down 2.83 percent at Rs 428.90 on the NSE.
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