Societe Generale sells 0.5% stake in IndusInd Bank for Rs 421 crore
IndusInd Bank's shares for Rs 421 crore through an open market transaction. According to the bulk deal data available on the National Stock Exchange (NSE), Paris-headquartered Societe Generale offloaded 39.30 lakh shares or 0.50 per cent stake in IndusInd Bank.
The shares were disposed of at an average price of Rs 1,070.61 apiece, taking the transaction value to Rs 420.80 crore.
Meanwhile, Societe Generale bought 29,725 shares at an average price of Rs 1,083.79 per piece, as per the data on the National Stock Exchange (NSE).
This took the deal value to Rs 3.22 crore.
Details of the other buyers of IndusInd Bank's shares could not be ascertained on the exchange.
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