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BofA Securities buys Rs 267 Cr Eternal shares from Goldman Sachs

Entrackr

Entrackr · 20d ago

BofA Securities buys Rs 267 Cr Eternal shares from Goldman Sachs

BofA Securities buys Rs 267 Cr Eternal shares from Goldman Sachs BoFA Securities Europe SA has picked up 82 lakh shares of Eternal in a bulk deal on Wednesday. The shares were acquired from Goldman Sachs Bank Europe SE at a price of Rs 325.5 per share, taking the total transaction size to nearly Rs 267 crore. In the first quarter of the ongoing fiscal year, Eternal’s revenue from operations grew 70% to Rs 7,167 crore in contrast to Rs 4,206 crore in Q1 FY25. However, the company's profit fell by 90% to Rs 25 crore in Q1 FY26 from Rs 253 crore in Q1 FY25. Eternal’s stock closed at Rs 329.45 on the NSE, compared to the bulk deal price of Rs 325.5, giving it a total market capitalization of Rs 3,17,930 crore.

Related News

Bank of America arm acquires 82 lakh shares of Zomato parent Eternal in Rs 267 crore deal

IndianStartupNews

IndianStartupNews · 19d ago

Bank of America arm acquires 82 lakh shares of Zomato parent Eternal in Rs 267 crore deal

BofA Securities Europe SA, an investment arm of Bank of America, acquired 82 lakh shares of Eternal, Zomato's parent company, for approximately Rs 267 crore via open market transactions. This purchase represents a 0.08% stake, bought at Rs 325.5 per share from Goldman Sachs Bank Europe SE. Eternal’s shares increased slightly, closing at Rs 329.45 on the NSE. This move follows several significant trades, including BNP Paribas’ and Antfin’s earlier transactions.

Goldman Sachs Dumps More Eternal Shares Worth INR 266 Cr

Inc42 · 15d ago

Goldman Sachs Dumps More Eternal Shares Worth INR 266 Cr

Goldman Sachs Bank Europe Se-ODI sold 8.1 crore shares of Zomato’s parent company, Eternal, for INR 266.1 crore, with each share priced at INR 328.45, representing a 2% discount from the previous closing price. BofA Securities Europe SA acquired the shares. Over the past month, Goldman Sachs has gained over INR 900 crore from four block deals involving Eternal's shares.

Ola Electric shares surge 12% to Rs 87.57 on BSE debut

Economic Times

Economic Times · 1y ago

Ola Electric shares surge 12% to Rs 87.57 on BSE debut

Shares of Ola Electric are trading nearly 18.6% higher on the BSE at Rs 90.17 following its lacklustre debut on the stock exchanges. The company's market capitalisation stands at Rs 39,648.95 crore. The IPO was subscribed 4.26 times, with the retail individual investors' category being subscribed 3.85 times. Founder Bhavish Aggarwal sold 37.9 million shares as part of the offer for sale (OFS). Kotak Mahindra Capital Company, Bofa Securities India, Axis Capital, SBI Capital Markets, Citigroup Global Markets India, Goldman Sachs Securities, ICICI Securities, and Bob Capital Markets managed the issue.

BlackBuck Bulk Deal: Goldman Sachs Sees INR 295 Cr Windfall

Inc42 · 1m ago

BlackBuck Bulk Deal: Goldman Sachs Sees INR 295 Cr Windfall

Goldman Sachs sold 49.1 lakh shares of logistics major BlackBuck at INR 600.32 each, earning INR 294.7 crore from the bulk deal. Existing BlackBuck investor Nomura purchased 41.2 lakh of these shares at INR 599.77 each, totaling INR 246.9 crore. Goldman Sachs originally invested in BlackBuck in 2019 during its $150 million Series D round, holding a 3.07% stake at the company's IPO.

Walmart-backed tech firm Ibotta files for US IPO

Reuters · 1y ago

Walmart-backed tech firm Ibotta files for US IPO

Ibotta, a digital marketing company backed by Walmart, has filed for an IPO in the United States. The company helps brands deliver digital promotions and offers cash-back rewards to consumers on their everyday purchases. In 2023, Ibotta's revenue increased by 52% to $320 million, with a net income margin growth of 12%. The IPO comes amid a rebound in the US IPO market, and Ibotta plans to list its shares on the New York Stock Exchange under the symbol "IBTA". Goldman Sachs, Citigroup, and BofA Securities are the lead underwriters for the offering.

Walmart-backed Ibotta looks to raise $551 million in upsized US IPO

Economic Times

Economic Times · 1y ago

Walmart-backed Ibotta looks to raise $551 million in upsized US IPO

Denver-based digital marketing company Ibotta, which is backed by Walmart, is seeking to raise approximately $551 million in an upsized initial public offering (IPO) in the US. The company plans to sell a total of 6.56 million shares, with the goal of achieving a valuation of $2.55 billion. Ibotta provides a platform for brands to offer cash back rewards and promotions to customers on their daily purchases. The IPO comes amidst increased interest in AI and optimism for the US IPO market. Underwriters for the offering include Goldman Sachs, Citigroup Global Markets, and BofA Securities.

Motilal Oswal mutual fund offloads 4.5 Cr shares of Zomato in INR 621 Cr block deal

Inc42 · 1y ago

Motilal Oswal mutual fund offloads 4.5 Cr shares of Zomato in INR 621 Cr block deal

Motilal Oswal Mutual Fund has sold 4.5 crore shares of Zomato in a block deal worth INR 621.6 crore. The shares were purchased by BNP Paribas, Citigroup, Goldman Sachs, Morgan Stanley, and Societe Generale. Zomato's shares fell nearly 3% during early trading but ended the session 4.44% lower on the BSE. This comes after HSBC, Goldman Sachs, and Jefferies raised their price targets for Zomato due to expectations of strong growth in its food delivery and quick commerce verticals. Zomato reported profitable quarters in Q1 and Q2 of FY24.

Mirae Asset MF, BlackRock, others buy nearly 1% stake in AB Capital for Rs 568 cr

Economic Times

Economic Times · 4m ago

Mirae Asset MF, BlackRock, others buy nearly 1% stake in AB Capital for Rs 568 cr

Mirae Asset MF, BlackRock, and Goldman Sachs acquired a nearly 1% stake in Aditya Birla Capital, a financial services company, for Rs 568 crore through open market transactions. Other buyers included Motilal Oswal MF, Edelweiss MF, and HSBC MF. They purchased 2.34 crore shares at an average price of Rs 242.65 apiece. Meanwhile, Jomei Investments sold an equal number of shares, reducing its stake in Aditya Birla Capital from 3.84% to 2.94%.

Morgan Stanley, Societe Generale, two others buy Awfis Space shares for Rs 416 Cr

YourStory

YourStory · 10m ago

Morgan Stanley, Societe Generale, two others buy Awfis Space shares for Rs 416 Cr

Morgan Stanley, Citigroup Global Mauritius, Goldman Sachs, and Societe Generale have collectively purchased an 8.34% stake in Awfis Space Solutions for Rs 416 crore through separate block deals. Other entities like Axis Mutual Fund, Canara Robeco MF, and Nippon India MF have also acquired shares in Awfis. Additionally, Mauritius-based Bisque and Peak XV Partners have sold 58.56 lakh shares of Awfis at an average price of Rs 709.90 per share. As a result, Bisque's stake in Awfis has decreased to 9.85% from 14.38%. Awfis shares rose 9.41% to Rs 784.50 on the NSE.

Northern Arc Capital raises Rs 229 Cr from anchor investors pre-IPO

YourStory

YourStory · 1y ago

Northern Arc Capital raises Rs 229 Cr from anchor investors pre-IPO

Non-bank financial institution Northern Arc Capital has raised Rs 229 crore ($31 million) from anchor investors ahead of its upcoming initial public offering (IPO). The funds were collected by issuing over 87 lakh equity shares at Rs 263 each to anchor investors including SBI General Insurance, Kotak Mahindra Life Insurance, and Goldman Sachs. Northern Arc Capital's IPO, which consists of a fresh issue of equity shares worth Rs 500 crore and an offer for sale of up to Rs 277 crore, is set to open for public subscription on September 16.

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