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Business News/ Market / Stock-market-news/  UK fund sells Bank of Baroda shares worth Rs1,115 crore
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UK fund sells Bank of Baroda shares worth Rs1,115 crore

Theleme Master Fund offloaded Bank of Baroda shares worth Rs1,115 crore through an open market transaction at an average price of Rs147.06

Following the development, shares of Bank of Baroda gained 2.84% to close at Rs148.40 on BSE. Photo: MintPremium
Following the development, shares of Bank of Baroda gained 2.84% to close at Rs148.40 on BSE. Photo: Mint

New Delhi: Theleme Master Fund Ltd, a UK- based hedge fund, on Wednesday offloaded Bank of Baroda shares worth Rs1,115 crore through an open market transaction.

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

The shares were offloaded at an average price of Rs147.06, valuing the transaction at Rs1,114.97 crore, data showed.

Merrill Lynch Markets Singapore Pte Ltd picked up 75,473,856 scrips at Rs147.08 apiece. This takes the transaction size to Rs1,110.07 crore.

Following the development, shares of Bank of Baroda gained 2.84% to close at Rs148.40 on BSE. During the intra-day trade, the stock touched a high of Rs150.70.

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Published: 20 Sep 2017, 08:01 PM IST
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