BNP Paribas Rebalances India Bets With Rs 3,416-Crore Selloff and Rs 3,220-Crore Eternal Buy as TPG Exits Sai Life Sciences
The one-day block trades underscore how large institutions are using NSE deals to quickly shift exposures across sectors.
Overview
- Block and bulk deal disclosures for Aug. 26 show BNP Paribas Financial Markets executing large single-session trades across multiple Indian stocks on the NSE.
- BNP Paribas acquired 10.12 crore shares of Eternal (Zomato’s parent), equal to about 1.05%, for roughly Rs 3,220 crore, and separately sold 16,083 shares worth about Rs 51 lakh.
- The firm sold 2.69 crore Swiggy shares at an average Rs 430.38 each for about Rs 1,158 crore, while also purchasing 4.35 lakh shares worth roughly Rs 18.5 crore.
- It also trimmed other holdings, selling 5.53 crore Vishal Mega Mart shares for about Rs 845 crore, 17.83 lakh Waaree Energies shares for about Rs 583 crore, and 4.19 lakh Hitachi Energy India shares for about Rs 829 crore.
- In a separate deal, TPG exited Sai Life Sciences by offloading 3.07 crore shares (14.72%) for about Rs 2,675 crore, with disclosed buyers including Societe Generale (0.67%) and Goldman Sachs Singapore (0.53%).