Ubs Principal Capital Asia sells IndusInd Bank shares worth Rs 184 cr

Ubs Principal Capital Asia sells IndusInd Bank shares worth Rs 184 cr

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Ubs Principal Capital Asia Ltd on Friday sold in excess of 20 lakh shares of IndusInd Bank Ltd worth Rs 184 crore through open market exchange.

According to the information accessible on BSE Block bargain, Ubs Principal Capital Asia offloaded 20,70,000 shares of the bank at a normal price of Rs 891.4 each, esteeming the exchange at Rs 184.51 crore.

The shares of IndusInd Bank were bought by BofA Securities Europe SA at a similar price, the information appeared.

As per the shareholding information of IndusInd Bank for September quarter 2020, Ubs Principal Capital Asia held 3.22 percent stake in the bank as a public shareholder.

Prior in November, Ubs Principal Capital Asia and Goldman Sachs (Singapore) Pte. – Odi had stripped IndusInd Bank shares worth almost Rs 148 crore and Rs 221 crore, individually. The shares were purchased by BofA Securities Europe SA.

IndusInd Bank shares on Friday settled 1.96 percent higher at Rs 913.60 on BSE.

Credit: Stocks-Markets-Economic Times

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