UBS Principal Capital Asia sells Axis Bank shares worth over Rs 150 cr

UBS Principal Capital Asia Ltd on Monday offloaded shares of Axis Bank worth over Rs 150 crore through open market transactions.

A total of 35 lakh scrips of the private sector lender were sold at an average price of Rs 429.5 apiece, valuing the deal at Rs 150.32 crore, according to block deal data on the BSE.

Through separate transactions, the shares of Axis Bank were picked up by BofA Securities Europe SA at the same price.

Shares of Axis Bank on Monday ended 0.52 per cent lower at Rs 430.95 apiece on the BSE.

On Friday, UBS Principal Capital Asia had sold shares of Axis Bank worth Rs 150 crore, and the scrips were picked up by BofA Securities Europe SA.

In another transaction, BNP Paribas Arbitrage bought TVS Motor Company Ltd's shares worth nearly Rs 148 crore.

The entity purchased over 35.47 lakh scrips of the lender at Rs 417.05 per scrip, valuing the deal at Rs 147.95 crore.

The scrips were sold by Goldman Sachs (Singapore) Pte Ltd-ODI at the same price through a separate transaction, the block deal data showed.

Shares of TVS Motor Company on Monday closed 0.64 per cent lower at Rs 418.55 apiece on the BSE.


(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.)


Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel