UBS Group Completes Acquisition of HDFC Bank Shares Valued at Rs 543 Crore

UBS Group, a Swiss financial services firm, acquired shares of HDFC Bank worth over Rs 543 crore on Wednesday. The transaction was conducted through an open market deal. As per BSE block deal data, UBS Principal Capital Asia, a subsidiary of UBS Group, purchased 30.72 lakh shares of the Mumbai-based bank.

Representative image

HDFC Bank Share Transaction

The shares were bought at an average price of Rs 1,768.05 each, resulting in a total transaction value of Rs 543.27 crore. These shares were sold by BNP Paribas Financial Markets, an affiliate of Paris-based BNP Paribas, at the same price. HDFC Bank's shares saw a slight increase of 0.59%, closing at Rs 1,778.85 on the BSE.

Five-Star Business Finance Deal

In another block deal on the BSE, Goldman Sachs acquired 5.52 lakh shares of Five-Star Business Finance for over Rs 45 crore through an open market transaction. The shares were purchased at an average price of Rs 824 each, bringing the total deal value to Rs 45.50 crore.

Duro Capital, based in Singapore and managing the Duro India Opportunities Fund, sold these shares at the same price through its arm Duro India Opportunities Fund Pte Ltd FDI. On Wednesday, Five-Star Business Finance's stock rose by 4.51%, closing at Rs 808.40 per share on the BSE.

These transactions highlight significant movements in the Indian stock market involving major financial entities like UBS Group and Goldman Sachs. The deals reflect ongoing interest in Indian financial institutions and their growth potential within global markets.