BOFA Securities Europe SA has acquired a 1.68 percent stake in Angel One and a 0.72 percent stake in Nuvama Wealth Management through open market transactions on May 9.
Angel One shares closed at Rs 2,328.50, down 0.23 percent, while Nuvama Wealth Management stock rose 1.25 percent to Rs 5,944.
According to bulk deals data available on the BSE, BOFA Securities Europe SA bought 15,19,541 equity shares (equivalent to 1.68 percent of the paid-up equity) in Angel One, the retail broking firm, at an average price of Rs 2,293.21 per share. Meanwhile, Oxbow Master Fund, owned by Hong Kong-based investment advisor Oxbow Capital Management (HK), sold 15,22,269 shares at an average price of Rs 2,293.20 per share.
Additionally, BOFA Securities Europe SA also acquired a stake in Nuvama Wealth Management, purchasing 2,59,458 shares (equivalent to 0.72 percent of the paid-up equity) at an average price of Rs 5,930.43 per share. Oxbow Master Fund offloaded 2,60,414 shares at an average price of Rs 5,930.40 per share.
Meanwhile, two block deals took place on the same day. Goldman Sachs (Singapore) Pte – ODI bought 55,000 shares of Mankind Pharma at an average price of Rs 2,434.10 per share from Copthall Mauritius Investment.
TVS Holdings also saw an internal transfer via block deals. Promoter entity VS Trust acquired 5,56,375 equity shares in the company at an average price of Rs 9,008.30 per share from another promoter entity, Sundaram Finance Holdings.
Mankind Pharma shares ended the session at Rs 2,413.35, down 0.85 percent, while TVS Holdings stock declined 0.83 percent to Rs 8,933.55 on the BSE.
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