Over the last two days, 4 October 2021 and 5 October 2021, some massive transactions have gone down both in the NSE and the BSE. Some stock market heavyweights were also involved in these deals.
Let’s take a glance at a few of these important deals.
Reliance Mutual Fund bought 20,00,000 shares of another heavyweight Bharti Airtel on the National Stock Exchange. The Bharti Airtel shares were priced at Rs. 204.95 each. The entire deal was completed via two consequent transactions in the open market as per the data on 5 October 2021.
On the same day, Bharti Airtel opened its rights issue amounting to Rs. 21,000 crores. With a 2.66% increase in the stock prices, Bharti Airtel shares closed at Rs. 699.25. Bharti Airtel RE also experienced a stock price increase of 40%, closing at Rs. 204.50 per share on 5 October 2021.
ACACIA Conservation Fund LP vended 2,23,646 shares in Consolidated Finvest & Holdings. In addition, ACACIA Partners LP vended 10,91,437 shares, and ACACIA Institutional Partners LP offloaded 7,69,377 shares. These shares were sold on the NSE, each amounting to Rs. 147.93.
Cofipalux Invest SA bought another 1,15,618 shares in Banswara Syntex. The price of each share on the BSE was Rs. 176.6. The stock faced a 5% upper circuit freeze. Previously, Cofipalux Invest SA bought 1,70,000 shares in Banswara Syntex on 4 October 2021.
Societe Beaujon is a subsidiary of Axa SA, an insurance firm operating in France. It vended 1,75,20,535 shares in ICICI Lombard General Insurance Company. The price of each share on the BSE was Rs. 1,540.13 during the trade. As a result, Societe Beaujon gained Rs. 2,698.39 crores with a stock depletion of 1.81%.
Among other deals, Anirudha Bubna bought 2,00,000 shares in Consolidated Finvest & Holdings, Manu Vyapar Pvt. Ltd. purchased 2,25,000 shares at a price of Rs. 147.95 per share, and Monet Securities acquired 5,71,324 equity shares.
Both stock exchanges have witnessed an increase in such bulk deals in recent times. Keep an eye on such happenings of the stock market by following the Angel One blogs.
As of writing, the price of each share of Reliance Mutual Fund on the NSE is Rs. 0.92.
As of writing, the face value of Reliance Mutual Fund is 10.00.
As of writing, the price of each share of ICICI Lombard General Insurance Company Ltd. on the NSE is Rs. 1,546.
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