Societe Generale is a leading European financial institution, serving over 26 million clients across more than 62 countries. The bank offers a comprehensive range of value-added financial solutions and advisory services to corporate, institutional, and individual clients.
It operates in three complementary business areas, all of which incorporate ESG-focused offerings: French Retail Banking, Private Banking & Insurance; Global Banking and Investor Solutions; and Mobility, International Retail Banking & Financial Services.
Below is a list of six stocks in which Societe Generale bought equity shares through block deals on the NSE on 11th June, with the total transaction value amounting to Rs. 356.4 crores:
ICICI Bank Limited
With a market cap of Rs. 10.16 lakh crores, the stock moved up by nearly 0.4 percent on BSE, rising to Rs. 1,436.45 on Thursday. As per the latest block deal, Societe Generale bought nearly 1.2 lakh equity shares in ICICI Bank, via an open market transaction on NSE. The transaction was valued at nearly Rs. 17 crores, executed at an average price of Rs. 1,422.9 per share. On the sell side, Marshall Wace Investment Strategies – Eureka Fund offloaded the same number of equity shares at the same average price.
Mahindra & Mahindra Limited
With a market cap of Rs. 3.79 lakh crores, the stock moved up by nearly 1 percent on BSE, rising to Rs. 3,108.45 on Thursday. Societe Generale bought 58,663 equity shares via a block deal on NSE, with the transaction valued at nearly Rs. 18 crores, executed at an average price of Rs. 3,067.5 per share. On the sell side, Marshall Wace Investment Strategies – Eureka Fund offloaded the same number of equity shares at the same average price.
Additionally, PI Opportunities AIF V LLP purchased around 3.22 lakh shares worth Rs. 99.6 crores at Rs. 3,085 apiece. These shares were sold by Pioneer Investment Fund at the same average price.
Schaeffler India Limited
With a market cap of Rs. 65,642.8 crores, the stock moved up by nearly 1 percent on BSE, rising to Rs. 4,228.8 on Thursday. Societe Generale bought 80,807 equity shares, representing a 0.05 percent stake in Schaeffler India, via an open market transaction on NSE. The transaction was valued at nearly Rs. 34 crores, executed at an average price of Rs. 4,199.4 per share. On the sell side, Marshall Wace Investment Strategies – Eureka Fund offloaded the same number of equity shares at the same average price.
Eternal Limited
With a market cap of Rs. 2.45 lakh crores, the stock moved down by nearly 1.5 percent on BSE, falling to Rs. 253.05 on Thursday. Societe Generale bought nearly 60.93 lakh equity shares, representing a 0.06 percent stake in Eternal, via an open market transaction on NSE. The transaction was valued at nearly Rs. 155.8 crores, executed at an average price of Rs. 255.68 per share. On the sell side, Marshall Wace Investment Strategies – Eureka Fund offloaded the same number of equity shares at the same average price.
UNO Minda Limited
With a market cap of Rs. 62,437.3 crores, the stock moved down by nearly 2 percent on BSE, falling to Rs. 1,087.45 on Thursday. Societe Generale bought around 9.9 lakh equity shares, representing a 0.17 percent stake in UNO Minda, via an open market transaction on NSE. The transaction was valued at nearly Rs. 108.6 crores, executed at an average price of Rs. 1,096.6 per share. On the sell side, Marshall Wace Investment Strategies – Eureka Fund offloaded the same number of equity shares at the same average price.
Marksans Pharma Limited
With a market cap of Rs. 11,968 crores, the stock moved up by nearly 2.4 percent on BSE, rising to Rs. 270.1 on Thursday. Societe Generale bought around 9.2 lakh equity shares, representing a 0.2 percent stake in Marksans Pharma, via an open market transaction on NSE. The transaction was valued at nearly Rs. 23 crores, executed at an average price of Rs. 249.95 per share.
Additionally, the other buyers are Bandhan Mutual Fund, Citigroup, Subhkam Ventures I Private Limited, Unifi BCAD Fund, Unifi Blend Fund, Unifi Capital Private Limited, and UTI Mutual Fund, bringing the total deal transaction to about Rs. 233.8 crores, with an average price of Rs. 249.95 per share.
On the sell side, Orbimed Asia IV Mauritius FVCI Limited offloaded 1.02 crore equity shares, equivalent to a 2.27 percent stake, for around Rs. 256.8 crores at an average price of Rs. 249.95 per share.
Written by Shivani Singh
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