BNP Paribas buys Rs 21.3 cr shares in Mahindra Holidays

Moneycontrol Bureau

BNP Paribas Arbitrage on Friday has bought Rs 21.3 crore worth of equity shares of Mahindra Holidays through a block deal on the National Stock Exchange. The firm purchased 10 lakh shares at a price of Rs 213 apiece.

Mahindra Holidays and Resorts India stock lost just 0.44 percent to close at Rs 212.55 on the exchange.

Meanwhile, SBI Life Insurance Company, NYLIM Jacob Ballas Asset Management Company and Morgan Stanley Mauritius Company are the major shareholders (non promoters) in the company, which hold 7.42 percent stake in the company as of June 2013.

Mahindra and Mahindra is the promoter of a premier holiday and vacation chain in India, which holds 75 percent stake.

Mahindra Holidays had reported a profit of Rs 21.01 crore on revenues of Rs 166.06 crore for the quarter ended June 2013.