Thursday, April 16, 2020

Goldman Sachs buys Indusind Bank shares

IndusInd Bank trashes market rumours even as shares hit 6-year low ...

Goldman Sachs Singapore has picked up shares worth over Rs 176 crore in IndusInd Bank, through an open market transaction, on Wednesday.

According to the bulk deal data on the exchanges, Goldman Sachs bought 14 lakh shares, at an average price of Rs 430.3 apiece.

Recently IndusInd Bank's promoters had indicated that they will hike their stake in the private sector lender by buying extra shares from the market.

The promoters of the bank —IndusInd International Holdings and IndusInd — plan to acquire additional shares from open market in India.

The stock closed at Rs 426 in yesterday's trade. NSE had a volume of 2.83 Cr shares with 31 percent delivery.

The stock is likely to spurt in today's trade.

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