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    Home»Merger and Acquisition»UBS sells IndusInd Bank shares worth over Rs 366 cr
    Merger and Acquisition

    UBS sells IndusInd Bank shares worth over Rs 366 cr

    Finance KhabarBy Finance KhabarJanuary 22, 2021No Comments1 Min Read
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    New Delhi: As per the data available on the BSE, UBS Principal Capital Asia offloaded 39.50 lakh shares of the bank at an average price of Rs 928 apiece, valuing the transaction at Rs 366.56 crore.

    The shares of IndusInd Bank were purchased by BofA Securities Europe SA at the same price, the data showed.

    According to the shareholding data of IndusInd Bank for the December 2020 quarter, UBS Principal Capital Asia held 2.35 per cent stake in the bank as a public shareholder.

    On Friday, shares of the bank fell 3.55 per cent to Rs 893.40 apiece on the BSE.

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