Banking and financial services major Goldman Sachs on Wednesday bought shares of leading stock exchange BSE for Rs 401 crore through an open market transaction. According to the bulk deal data available on National Stock Exchange (NSE), US-based Goldman Sachs through its arm Goldman Sachs (Singapore) purchased 7.28 lakh shares of BSE Ltd. The shares of Mumbai-headquartered BSE were picked up at an average price of Rs 5,504.42 apiece, taking the deal value to Rs 401.19 crore. Details of the sellers of BSE shares could not be ascertained on the bourse. Shares of BSE rallied 8.14 per cent to close at Rs 5,608.50 per piece on the NSE on Wednesday. On February 6, BSE reported its net profit doubling to Rs 220 crore for three months ended December 2024. The company had posted a net profit of Rs 108.2 crore in the same quarter of preceding fiscal. The exchange recorded its highest-ever quarterly revenue of Rs 835.4 crore in October-December period of current financial year (FY25), a 94
Given company's strong cash balance and prospects of robust growth, long-term investors can skip the share buyback, recommends A K Prabhakar.
Two-wheeler giant Bajaj Auto to take back 5.43 mn shares at Rs 4,600 a piece
The lender will do the repurchase at 97% of the principal amount of the notes.
On July 3, the company's board approved buyback of shares worth up to Rs 100 crore. The buyback is for 1.74 million shares at Rs 575 per share.
The company said it is not permitted to meet the buyback obligations beyond the amount approved by the board of directors and the same can also be effected only with the borrowed funds.
If approved, this will be BSE's second share buyback
The share buyback announced by BSE represents 9.99% of the total paid-up equity capital of the company