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BNP Paribas, Societe Generale trim stake in Indiabulls Housing

The shares were offloaded in the range of Rs 221.34-221.75 apiece, valuing the transaction size to Rs 113 crore

BNP Paribas | Indiabulls  | Indiabull Housing

Press Trust of India  |  New Delhi 

The logo of BNP Paribas bank is pictured on an office building in Nantes, France. Photo: Reuters
Photo: Reuters

Societe Generale and Arbitrage on Thursday offloaded 51 lakh shares of Housing Finance for about Rs 113 crore through open market transactions.

According to bulk deal data available with the NSE, Societe Generale sold 27.40 lakh shares of Housing Finance while Arbitrage divested 23.59 lakh shares of the company.

The shares were offloaded in the range of Rs 221.34-221.75 apiece, valuing the transaction size to Rs 113 crore.

As of September 2021, Societe Generale held 58.77 lakh shares, amounting to 1.27 per cent stake in the company, and Arbitrage owned 71.82 lakh shares or 1.56 per cent stake in the firm.

On Thursday, Housing Finance shares ended 6.82 per cent higher at Rs 229.45 apiece on the NSE.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Thu, November 25 2021. 20:14 IST