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Marshall Wace Sells Stake In Paytm In INR 25 Cr Block Deal

Inc42 · 1y ago

Marshall Wace Sells Stake In Paytm In INR 25 Cr Block Deal

UK hedge fund Marshall Wace has sold shares of fintech giant Paytm at INR 428.05 per share. BNP Paribas Financial Markets, an affiliate of BNP Paribas, bought the shares. Paytm's share price has been rising recently due to positive restructuring news and closed the week at INR 424.90, marking an 11.5% increase on the BSE.

Related News

Societe Generale offloads Zomato shares worth INR 117 Cr, picks up Policybazaar shares

Inc42 · 1y ago

Societe Generale offloads Zomato shares worth INR 117 Cr, picks up Policybazaar shares

Societe Generale sold over 86.5 lakh shares of Zomato in a block deal, amounting to INR 117.81 crore. These shares were then purchased by Marshall Wace, a British hedge fund. At the same time, Societe Generale acquired nearly 5 lakh shares of PB Fintech (parent company of Policybazaar) for INR 46.13 crore. This move comes amidst a sell-off by foreign institutional investors in the Indian equities market. Zomato has seen several block deals recently, while Policybazaar is expected to report profits starting Q3 FY24.

Paytm shares worth ₹208 crore sold by Goldman Sachs, Marshall Wace

Inshorts · 1y ago

Paytm shares worth ₹208 crore sold by Goldman Sachs, Marshall Wace

Goldman Sachs (Singapore) PTE sold 44.2 lakh shares of Paytm parent One97 Communications for about ₹183 crore on Tuesday, as per BSE data. Meanwhile, Marshall Wace Investment Strategies sold 5.85 lakh shares of the startup for roughly ₹25 crore, as per NSE data. Shares of One97 dipped more than 1% to ₹417 on Tuesday.

UK-based Marshall Wace sells shares of One97 Communications, Shriram Finance for Rs 419 Cr

YourStory

YourStory · 1y ago

UK-based Marshall Wace sells shares of One97 Communications, Shriram Finance for Rs 419 Cr

UK hedge fund, Marshall Wace, has sold shares of One97 Communications and Shriram Finance for a total value of Rs 419 crore in open market transactions. Marshall Wace Investment Strategies - Eureka Fund sold 5.85 lakh shares of One97 Communications and over 14.67 lakh shares of Shriram Finance at average prices of Rs 428.05 and Rs 2,684.30 per piece, respectively. Meanwhile, BNP Paribas Financial Markets purchased shares of both companies at the same prices. Shriram Finance shares rose 1.75% while One97 Communications shares slipped 1.04%.

Canada Pension Board Offloads Nykaa Shares For INR 256 Cr

Inc42 · 1y ago

Canada Pension Board Offloads Nykaa Shares For INR 256 Cr

Canadian Pension Plan Investment Board (CPPIB) has sold its remaining 3.18% stake in logistics company Delhivery for INR 910 Cr. In another deal, ICICI Prudential Mutual Fund India purchased shares sold by beauty e-commerce major Nykaa. CPPIB sold over 1.47 Cr shares of Nykaa for INR 256.4 Cr in a block deal at a price of INR 174.04 per share.

Zomato sees INR 1,127 Cr block deal, SoftBank likely seller

Inc42 · 1y ago

Zomato sees INR 1,127 Cr block deal, SoftBank likely seller

In a recent block deal, around 1.06% stake or 9.35 Cr shares of Zomato were exchanged, fetching a total transaction value of INR 1,127 Cr. The buyers and sellers in the deal remain undisclosed. Japanese tech investor SoftBank's SVF Growth is also reportedly looking to offload another 1.1% stake in Zomato, worth $135 Mn. Zomato shares were trading at INR 123.6 apiece, showing a 1.3% increase from its previous close.

Honasa consumer sees INR 238 Cr block deal, stocks tank after early gains

Inc42 · 1y ago

Honasa consumer sees INR 238 Cr block deal, stocks tank after early gains

Honasa Consumer Ltd, the parent company of direct-to-consumer brands Mamaearth and The Derma Co, witnessed a block deal resulting in the exchange of around 2% stake or 62.90 lakh shares. The deal, worth INR 238 crore, occurred after market opening, causing the company's shares to trade at INR 379 apiece on the BSE, down 1% from the previous day's closing price. This follows reports of venture capital firm Fireside Ventures planning to offload a 1.9% stake in Honasa Consumer.

GlobalBees Raises Stake In Solarista With INR 5.88 Cr Investment

Inc42 · 11m ago

GlobalBees Raises Stake In Solarista With INR 5.88 Cr Investment

GlobalBees, an e-commerce roll-up firm, has acquired an additional 22.5% stake in Solarista Renewables, a brand that sells bags and rainwear under the name 'The Clownfish'. The all-cash deal, worth INR 5.88 Cr, follows an agreement between shareholders in April 2022, and now brings GlobalBees' total stake in Solarista to 75%. This investment comes shortly after Brainbees Solutions, the parent company of FirstCry, announced a AED 50 Mn (INR 114.1 Cr) investment in its UAE subsidiary, FirstCry Management DWC LLC.

M&M block deal | Shares worth Rs 2,184 crore change hands; promoter likely seller

Money Control

Money Control · 1y ago

M&M block deal | Shares worth Rs 2,184 crore change hands; promoter likely seller

Shares of Mahindra and Mahindra (M&M) declined over 4% after a block deal involving 1.1 crore shares, or a 0.9% stake in the company, was completed on March 7. The stake sale was done at a floor price of INR 1,924 per share, totaling a transaction value of INR 2,184 crore. M&M's promoter group, PMSP Ltd, owns 11.64% of the company and was reportedly looking to sell around 0.75% stake for around $215 million via a block deal.

SoftBank offloads 1.06% stake in Zomato for INR 1,127 Cr

Inc42 · 1y ago

SoftBank offloads 1.06% stake in Zomato for INR 1,127 Cr

Japanese tech investor SoftBank has sold 9.35 crore shares of foodtech giant Zomato in a block deal worth INR 1,127 crore. The shares were sold by SVF Growth (Singapore) at INR 120.5 per share, with buyers including Invesco, ICICI Prudential Insurance, Goldman Sachs, and Morgan Stanley. This latest stake sale suggests that SoftBank has likely completely exited Zomato, following a previous stake sale in October. The move aligns with the trend of international investors divesting from Indian tech companies. Zomato recently reported its second consecutive profitable quarter.

Zomato shares up 4% amid block deal buzz, market cap surpasses INR 1 Lakh Cr

Inc42 · 1y ago

Zomato shares up 4% amid block deal buzz, market cap surpasses INR 1 Lakh Cr

Shares of Zomato, the foodtech giant, surged over 4% and reached a high of INR 119 during Wednesday's session. The company's market capitalization crossed INR 1 Lakh Cr. The rally was sparked by a block deal where Zomato's shares were traded at an average price of INR 112 per share, with a total transaction value of INR 3,326 Cr. It was reported that Alipay Singapore Holding was looking to sell its entire 3.44% stake in Zomato.

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