Goldman Sachs Acquires BSE Shares for Rs 401 Crore in Open Market Deal
Goldman Sachs, a prominent banking and financial services firm, has purchased shares of the leading stock exchange BSE (formerly Bombay Stock Exchange) for Rs 401 crore through an open market transaction. The deal was executed on Wednesday, February 19, 2025.
According to bulk deal data available on the National Stock Exchange (NSE), Goldman Sachs, through its arm Goldman Sachs (Singapore), acquired 7.28 lakh shares of BSE Ltd.
Details of the Transaction
- Buyer: Goldman Sachs (Singapore)
- Shares Purchased: 7.28 lakh
- Average Price: Rs 5,504.42 per share
- Total Deal Value: Rs 401.19 crore
The identities of the sellers involved in the transaction could not be immediately ascertained on the exchange.
BSE Stock Performance
Following the announcement of the bulk deal, shares of BSE experienced a significant rally, closing 8.14% higher at Rs 5,608.50 per share on the NSE on Wednesday.
BSE's Financial Performance
On February 6, BSE reported a doubling of its net profit to Rs 220 crore for the three months ended December 2024. In the corresponding quarter of the previous fiscal year, the company posted a net profit of Rs 108.2 crore.
The exchange also recorded its highest-ever quarterly revenue of Rs 835.4 crore in the October-December period of the current financial year (FY25), representing a 94% jump from Rs 431.4 crore in the same period of the preceding fiscal.
BSE's average daily turnover for the quarter under review was Rs 6,800 crore, compared to Rs 6,643 crore a year ago.
Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.
0 comments:
Post a Comment