BNP Paribas On Block Deal Spree, Sells Shares Of Paytm & Policybazaar

BNP Paribas On Block Deal Spree, Sells Shares Of Paytm & Policybazaar

SUMMARY

BNP Paribas Arbitrage offloaded 42.15 Lakh shares of Paytm in a bulk deal pegged at INR 317.7 Cr

The financial services major also sold more than 7.66 Lakh shares of Policybazaar for INR 70 Cr

British hedge fund Marshall Wace bought 40.8 Lakh shares of Paytm and over 2.66 Lakh shares of PB Fintech

Fintech major Paytm and insurtech giant Policybazaar saw a major sell-off during the last trading session of this week as financial services company BNP Paribas sold shares of the two startups via multiple block deals. 

As per the date available with the exchanges, BNP Paribas Arbitrage offloaded 42.15 Lakh shares of Paytm on Friday (January 25) in a bulk deal pegged at INR 317.7 Cr. The financial services firm sold shares of One97 Communications at INR 753.75 apiece. 

No results were found for "".
  • «
  • 1
  • »
modal lock

Continue Reading With A Free Inc42 Account

Get the most out of your Inc42 experience by creating a free account. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters.