Olympus India buys shares in Karur Vysya

Olympus India Holdings Ltd on Wednesday acquired around 27 lakh shares for Rs 105.76 crore in Karur Vysya Bank.

Investors India Max Investment Fund Ltd and Subbiah Subramanian have offloaded 12.94 lakh shares, which aggregates to Rs 50 crore.

According to the bulk deal data available with Bombay Stock Exchange, Olympus India Holdings picked up 27,11,871 equity shares in the company at Rs 390 a share. India Max Investment Fund sold 5,81,243 equity shares for Rs 390 a share, which aggregates to Rs 22.67 crore on Wednesday. Subramanian sold 7,13,000 shares at Rs 390 a piece, aggregating to Rs 27.8 crore.

India Max Investment Fund, according to BSE records, held around 41,80,529 shares accounting for around 3.9 per cent of the total shares as on December 31, 2011.

Subramanian had around 14,26,053 shares in the bank — around 1.33 per cent.

Investment firms, especially private equity players, have been buying and selling bulk shares in the bank in the recent past, according to data available with National Stock Exchange.

On April 16, 2012, Boyance Infrastructure Pvt Ltd sold 5,59,882 equity shares of Karur Vysya Bank at Rs 380.03 a share, for an aggregate of Rs 21.28 crore, according to a bulk deal data available with the National Stock Exchange. In March 23, Boyance Infrastructure sold 12,00,000 equity shares of the bank at Rs 375 per share, for an aggregate of Rs 45 crore.

Recently, Goldman Sachs Investments Mauritius I Ltd bought shares worth Rs 33.78 crore and last month ChrysCapital through its subsidiary bought shares worth around Rs 160 crore in Karur Vysya Bank. Kent Resorts Pvt Ltd, too, bought and sold some stakes in the bank.