Rs 207 CRORE deal! BlackRock buys equities in THESE Indian companies - LIST

rs 207 crore deal! blackrock buys equities in these indian companies – list

Rs 207 CRORE deal!Leading American asset management company BlackRock has acquired shares in two Indian companies amounting to Rs 207 crore on Friday, reported PTI. According to the PTI report, BlackRock has acquired shares of Electrosteel Castings and PTC India Ltd through open market transactions.

“BlackRock, through its affiliates iShares II Public Ltd Company – iShares Global Water UCITS ETF, iShares Global Clean Energy ETF, and iShares Global Clean Energy UCITS ETF purchased shares of two companies,” reported PTI.

Managed by BlackRock, iShares is a collection of exchange-traded funds.

According to the bulk deal data available with the National Stock Exchange (NSE), iShares Global Water UCITS ETF bought 32.28 lakh shares of Electrosteel Castings at an average price of Rs 196.21 per scrip, taking the deal value to Rs 63.35 crore, said the PTI report.

According to the PTI report, iShares Global Clean Energy ETF has also purchased 27.50 lakh shares of PTC India, and iShares Global Clean Energy UCITS ETF acquired 38.67 lakh shares of the firm at an average price of Rs 217.53 apiece, taking the transaction value to Rs 143.95 crore. The combined deal value of both transactions is Rs 207.30 crore. BNP Paribas Arbitrage is also said to have sold 16.18 lakh shares of PTC India Ltd.

“In a separate transaction, iShares II Public Ltd Company – iShares Global Water UCITS ETF sold 8.55 lakh shares of Ion Exchange (India) Ltd for Rs 46 crore. iShares II Public Ltd Company – iShares Global Water UCITS ETF offloaded 8.55 lakh shares of Ion Exchange (India),” reported PTI.

According to the PTI report, the shares were disposed of at an average price of Rs 541.08 per piece, taking the deal value to Rs 46.26 crore, as per the data on the NSE.

In another transaction, two entities, as per the PTI report, acquired shares of GMR Power and Urban Infra for over Rs 45 crore through open market transactions in another bulk deal on the BSE. According to the report, Winro Commercial India picked up 39.92 lakh shares, and Singularity Holdings acquired 40 lakh shares, amounting to a 1.32 percent stake in GMR Power and Urban Infra.

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