BNP Paribas Financial Markets executed a series of large block and bulk deals across multiple companies, with major moves in Eternal (Zomato’s parent) and Swiggy.
Investment in Eternal
- BNP Paribas purchased 10.12 crore shares of Eternal via a block deal at ₹318.1 per share, valuing the transaction at around ₹3,200 crore.
- It also sold 16,083 Eternal shares worth about ₹51 lakh in a separate bulk deal.
Stake Sale in Swiggy
- On the same day, the firm offloaded 2.69 crore shares of Swiggy at ₹430.38 per share, amounting to roughly ₹1,158 crore.
- However, it simultaneously acquired 4.34 lakh shares at ₹426.68 per share, worth ₹18.54 crore.
- Last month, BNP Paribas had picked up 3.2 lakh Swiggy shares at ₹381 per share from Citigroup Global Markets.
Other Transactions
- Hitachi Energy India Ltd: Sold 4,19,164 shares at ₹19,794.72 each, totaling ₹829 crore.
- Vishal Mega Mart: Divested 5.53 crore shares at ₹152.80 each, valued at ₹845.13 crore.
- Waaree Energies: Sold 17.83 lakh shares at ₹3,266.21 per share, amounting to ₹583 crore.
Summary
BNP Paribas’s latest moves reflect a portfolio reshuffle, with a significant ₹3,200 crore bet on Eternal (Zomato’s parent) while simultaneously paring down holdings in Swiggy and other listed companies. The transactions suggest a strategic reallocation across high-growth consumer tech and energy firms, balancing fresh investments with selective exits.
Disclaimer:
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