 "UBS Offloads ₹4,961 Crore in Shares; Eyes Bandhan Bank’s Future")
UBS Group AG, a Swiss financial giant, recently sold shares in seven companies, including Oil India and Dixon Technologies, for a total of Rs 4,961 crore through open Market transactions on the National Stock Exchange (NSE). UBS Principal Capital Asia was the main vehicle for these transactions, offloading significant shares in companies like Rail Vikas Nigam and Zydus Lifesciences. In a notable move, UBS also acquired 1.92 crore shares of Bandhan Bank for Rs 384 crore. While shares of some companies, like Prestige Estates, saw an increase, others, including Oil India and Dixon Technologies, experienced a decline in their share prices. This strategic maneuver highlights UBS’s active role in the Indian stock Market, showcasing its investment strategy.
UBS Group AG, a prominent Swiss financial services company, has recently made headlines by selling shares of seven different companies, including Oil India and Dixon Technologies (India), for a total of Rs 4,961 crore. This move took place through open Market transactions on the National Stock Exchange (NSE) and was executed by UBS Principal Capital Asia.
In these transactions, UBS offloaded shares worth Rs 972 crore in Oil India, Rs 904 crore in Dixon Technologies, and Rs 797 crore in Rail Vikas Nigam Ltd. Additionally, they sold shares of Zydus Lifesciences amounting to Rs 756 crore, while shares in Vodafone Idea, Oracle Financial Services Software, and Prestige Estates Projects were sold for a combined Rs 1,531 crore.
Interestingly, UBS Principal Capital Asia also made a notable investment by purchasing 1.92 crore shares of Bandhan Bank for Rs 384 crore. Meanwhile, Copthall Mauritius Investment offloaded 20.92 lakh shares of Prestige Estates for Rs 378 crore. Share values fluctuated, with Oil India experiencing a drop of 0.81%, while Bandhan Bank’s shares surged by 3.70%.
Investors are keen to watch how these significant moves by UBS will impact Market trends in the coming weeks.
Tags: UBS Group AG, Bandhan Bank, stock Market, NSE, investment news, financial services, open Market transactions, Oil India, Dixon Technologies
What does UBS Group AG do with the shares it sells?
UBS Group AG sells shares to raise money, which they can use for other investments or business activities.
Which companies did UBS sell shares in?
UBS sold shares in seven different companies, but the specific names of these companies were not mentioned.
How much money did UBS raise from the sale?
UBS raised approximately Rs 4,961 crore from selling the shares.
Why would UBS choose to sell shares?
UBS might sell shares to take profits, adjust its investment strategy, or meet financial goals.
Is this a common practice for companies like UBS?
Yes, it’s common for financial firms to buy and sell shares based on Market conditions and their investment plans.
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