Reliance: Bank of America's company bought 2.95 lakh shares of Reliance Industries, deal done for Rs 44 crore

 Reliance: Bank of America's company bought 2.95 lakh shares of Reliance Industries, deal done for Rs 44 crore

Reliance: According to block deal data available on the National Stock Exchange (NSE), BofA Securities, through its subsidiary BofA Securities Europe SA, bought 295,600 shares of Reliance Industries. The transaction was worth ₹43.62 crore. Let's take a closer look.

Bank of America Securities on Thursday bought 2.95 lakh shares of Reliance Industries for about Rs 44 crore through open market transactions.

According to block deal data available on the National Stock Exchange (NSE), BofA Securities, through its affiliate BofA Securities Europe SA, bought 295,600 shares of Reliance Industries. BofA Securities Europe SA is a subsidiary of Bank of America Corporation.

The transaction was worth about Rs 43.62 crore and was done at an average price of Rs 1,475.50 per share. Meanwhile, Hong Kong-based asset management firm Cadensa Capital sold an equal number of shares at the same price through its subsidiary Cadensa Master Fund.

Shares of Reliance Industries closed 0.98 per cent lower at Rs 1,489.50 per share on the NSE on Thursday.

Source by internet.

Created by Mohammad Shoaib.