NSE-BSE bulk deals: YES Bank cuts stake in CG Power

NSE-BSE bulk deals: YES Bank cuts stake in CG Power


Mumbai: After private equity giant KKR India and non-banking finance company (NBFC) L&T Finance, private lender YES Bank, too, cut its stake in CG Power and Industrial Solutions on Tuesday.

While KKR pared its stake in the company on Friday, L&T Finance sold its entire stake in the Gautam Thapar-promoted company over Friday and Monday. These developments come shortly after Murugappa Group company Tube Investments of India said earlier this month that it will take control of fraud-hit CG Power.

Among the frontline indices on , BSE’s 30-share Sensex advanced 1.26 per cent to 38,528 points on Tuesday, while NSE’s 50-share Nifty rose 1.23 per cent to close at 11,385 points.

Here’s who bought and sold what in some of the key bulk and block deals of the day:

>> YES Bank sold 2,38,27,756 shares of CG Power & Industrial Solutions on the BSE, and another 2,80,00,000 shares of the company on NSE while GDN Investments bought some of the shares in the company.

As at end June, YES Bank held 12.79 per cent stake in the company.

>> In separate block deals, BofA Securities Europe SA bought Embassy Office Parks REIT, Muthoot Finance, SBI Cards and Payments and YES Bank from Morgan Stanley Asia Singapore PTE.

>> Elara India Opportunities Fund sold 5,00,000 shares of GSS Infotech at Rs 21.54 per share, while Rao Marepally Raghunadha Rao bought 1,18,337 shares of the company at Rs 21.78 per share.

>> Trishashna Holdings & Investments bought Satin Creditcare RE, while Bhawani Finvest, Linkage Securities, Pankaj Jasraj Sahuji, Rajsonia Consultancy sold the same.

>> Karst Peak Asia Master Fund sold 1,77,000 shares of Som Distilleries and Breweries at Rs 46.96 per share.

>> India Opportunities Fund sold 30,000 shares of Thejo Engineering at Rs 617.50 per share.

Here are all the BSE bulk deals:

bse bulk deals 1 (6)

bse bulk deals 2 (9)

bse bulk deals 3

Here are all the BSE block deals:

bse block deals (7)

Here are all the NSE bulk deals:

nse bulk deals (12)

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