indusind bank: Goldman Sachs Investment buys 0.9% stake in IndusInd Ban – Blue Barrows

Goldman Sachs Investment (Mauritius) bought 69,66,712 equity shares or 0.9 per cent stake in at an average price of Rs 1,167.53 per share, bulk deal data on NSE website showed. This is at a discount to the previous day’s closing price of Rs 1210.3.

Goldman Sachs, through its Singapore entity, held 1.2 per cent stake in the private sector lender as on June 30. Foreign investors holdings in the lender are quite high at 45.83%.

Meanwhile, Route One Fund I LP sold 120,00,000 shares or a 1.5% stake in the bank at an average price of Rs 1,168.26/share. As of June end, the FII held a 2.75% stake in the bank

Shares of IndusInd Bank fell close to 4 per cent in trade on Tuesday and ended at Rs 1,164.6 per share on the NSE.

On a YTD basis, IndusInd shares have yielded over 31% return, while the Nifty Private Bank index, during the same time, delivered 11.25% gains.