BNP Paribas Sells Rs 1,600 Crore Stake In Four Companies

BNP Paribas executed transactions totaling Rs 1,600 crore on Friday, divesting its holdings in four listed companies through share sales in the secondary market.

The divestment involved the sale of a 0.83% equity stake in Sundaram Finance Ltd. for Rs 396 crore and a 0.82% stake in Phoenix Mills Ltd. for Rs 453 crore.

Simultaneously, BNP Paribas acquired a 0.63% shareholding in Jindal Stainless Ltd. for Rs 408 crore and sold approximately 0.6% ownership in PB Fintech Ltd. for Rs 351 crore. These transactions were executed via bulk deals, according to NSE data.

BNP Paribas, a leading European financial services firm with a global presence across 65 countries, leverages cutting-edge platforms to offer a diverse range of services and solutions.