BofA Securities Europe has bought nearly Rs 267 crore worth shares in Eternal, the parent of food delivery giant Zomato, from Goldman Sachs via open market transactions on October 1.
Eternal shares gained 2.5 percent to close at Rs 329 on the National Stock Exchange. The stock has been in uptrend despite intermittent correction, especially after surpassing previous record high of Rs 305 in July.
BofA Securities Europe SA has acquired 82 lakh shares in Eternal (0.08 percent stake) at Rs 325.5 per share, valued at Rs 266.91 crore from Goldman Sachs Bank Europe SE - ODI.
The action was also seen in RBL Bank, which was down 0.74 percent to Rs 275.2 amid high volumes despite buyout of shares by Morgan Stanley and more than 1 percent rally in Bank Nifty.
Morgan Stanley Asia Singapore Pte bought 32.51 lakh shares (0.53 percent stake) in the private sector lender at Rs 274.44 per share, for Rs 89.2 crore.
Sammaan Capital, erstwhile Indiabulls Housing Finance, was also in focus, rising sharply by 5.42 percent to Rs 169.58 after recent trendline breakout, continuing upward journey for sixth consecutive session. The stock rallied 23 percent in the current week.
Goldman Sachs (Singapore) Pte - ODI purchased 66.38 lakh shares (0.8 percent) at Rs 164.67 per share, for Rs 109.31 crore.
Meanwhile, new listing Jain Resource Recycling attracted strong interest from investors, surging 37 percent to finish the day one at Rs 318.06. Motilal Oswal Mutual Fund acquired additional 25 lakh shares (0.72 percent stake) at Rs 273.95 per share, for Rs 68.48 crore.
As per the latest shareholding pattern, Motilal Oswal Select Opportunities Fund Series IV held 1.46 percent stake (50.55 lakh shares) in Jain Resource, the scrap recycling company in copper, lead, aluminium alloys & plastic segments.
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