Hydra Trading sells 1.24% stake in RBL Bank for ₹152 crore

PTI Updated - October 01, 2024 at 08:56 AM.

Hydra Trading, a public shareholder of RBL Bank, on Monday sold a 1.24 per cent stake in the private sector lender for over ₹152 crore through an open market transaction.

According to block deal data available on the BSE, Hydra Trading Pvt Ltd offloaded 75.11 lakh shares or 1.24 per cent stake in RBL Bank.

The shares were sold at an average price of ₹203 apiece, taking the deal value to ₹152.49 crore.

As of June quarter ending, Hydra Trading owned a 1.25 per cent holding in Mumbai-based RBL Bank.

These shares were acquired by Cronus Merchandise LLP at the same price.

Shares of RBL Bank fell 1.57 per cent to close at ₹204.35 per piece on the BSE.

In a separate transaction on the BSE, Plutus Wealth Management bought 85 lakh shares, amounting to a 0.66 per cent stake in domestic carrier SpiceJet for ₹51 crore through an open market transaction.

The shares were picked up at an average price of ₹59.95 apiece, taking the aggregate transaction value to ₹50.96 crore, as per the bulk deal data on the BSE.

Details of the sellers of SpiceJet's shares could not be identified.

SpiceJet's shares jumped 7.98 per cent to end at ₹63.70 apiece on the BSE.

In another transaction on the NSE, Morgan Stanley through its arm sold 4.34 lakh shares of Cyient DLM for ₹29 crore through an open market transaction.

The shares were disposed of at an average price of ₹667 apiece, taking the deal size to ₹28.94 crore.

Meanwhile, HDFC Mutual Fund hiked its stake in Cyient DLM by acquiring a 4 lakh shares or 0.50 per cent stake in the firm.

The shares were bought at the same price, taking the deal value to ₹26.68 crore, as per the bulk deal data on the National Stock Exchange (NSE).

After the stake buy, HDFC MF's holding in Cyient DLM rose to 5.29 per cent from 4.79 per cent.

Details of the other buyers of Cyient DLM's shares could not be ascertained.

On Monday, shares of Cyient DLM slipped 0.61 per cent to close at ₹668.30 apiece on the NSE.

Published on October 1, 2024 03:26

This is a Premium article available exclusively to our subscribers.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.
Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

TheHindu Businessline operates by its editorial values to provide you quality journalism.

This is your last free article.