Theleme Master sells BoB shares worth Rs 1,115 cr through open transaction

Theleme Master Fund Ltd, a UK- based hedge fund, on Wednesday offloaded Bank of Baroda shares worth Rs 1,115 crore through an open market transaction.

The hedge fund sold its entire holding of 3.29 per cent or 75,817,327 shares of the bank, according to bulk deal data available with BSE.

The shares were offloaded on an average price of Rs 147.06, valuing the transaction at Rs 1,114.97 crore, data showed.

Merrill Lynch Markets Singapore Pte Ltd picked up 75,473,856 scrips at Rs 147.08 apiece. This takes the transaction size to Rs 1,110.07 crore.

Following the development, shares of Bank of Baroda gained 2.84 per cent to close at Rs 148.40 on BSE. During the intra-day trade, the stock touched a high of Rs 150.70.