BNP Paribas, Societe Generale trim stake in Indiabulls Housing Finance

Societe Generale and BNP Paribas Arbitrage on Thursday offloaded 51 lakh shares of Indiabulls Housing Finance for around Rs 113 crore through open market transactions.

According to available bulk transaction data with NSE, Societe Generale has sold 27.40 lakh shares of Indiabulls Housing Finance while BNP Paribas Arbitrage has divested 23.59 thousand shares from the company.

The shares were offloaded in the range of Rs 221.34-221.75 per lot, estimating the transaction size at Rs 113 crore.

As of September 2021, Societe Generale owned 58.77 thousand shares, equivalent to 1.27 percent of its stake in the company, and BNP Paribas Arbitrage owned 71.82 thousand shares, or 1.56 percent of the company’s stock.

On Thursday, shares of Indiabulls Housing Finance closed 6.82 per cent higher at 229.45 rupees per share on the NSE exchange.