Marshall Wace, through its arm Marshall Wace Investment Strategies – Eureka Fund, offloaded shares of One97 Communications, owner of Paytm brand, and Shriram Finance Ltd through separate block deals on the National Stock Exchange (NSE).
As per the data on the NSE, Marshall Wace Investment Strategies – Eureka Fund sold 5.85 lakh shares of One97 Communications at an average price of ₹428.05 apiece.
In addition, Marshall Wace Investment Strategies – Eureka Fund also disposed of over 14.67 lakh shares of Shriram Finance at an average price of ₹2,684.30 per piece.
This took the combined transaction value to ₹419.09 crore.
Meanwhile, Paris-based financial services firm BNP Paribas, through its affiliate BNP Paribas Financial Markets purchased shares of One97 Communication and Shriram Finance Ltd at the same price, as per the NSE data.
Shares of Shriram Finance rose 1.75% to close at ₹2,731.25 apiece, while scrip of One97 Communications slipped 1.04% to settle at ₹423.60 per piece on the NSE.
First Published: Jun 15, 2024 4:34 PM IST
