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BNP Paribas acquires Rs 1,806 cr worth stake in Hero & IndusInd Bank
BNP Paribas on Monday bought stakes in Nifty stocks Hero MotoCorp and IndusInd Bank via bulk deals. The French multinational bank acquired shares worth Rs 1,035 crore in the two-wheeler company and Rs 771 crore in the private sector lender. It spent a total of Rs 1,806 crore to buy the shares of the two companies. The shares were bought via BNP Paribas Financial Markets, a division of BNP Paribas focused on providing capital markets and investment services to institutional clients, corporates, and governments. It is essentially the bank’s trading, investment banking, and market solutions arm. In Hero MotoCorp, BNP bought over 19.52 lakh shares at a price of Rs 5,302.91 apiece, marginally lower from the Friday closing price of Rs 5,328. The stock today ended with gains of 0.33% on the NSE at Rs 5,345.50.In IndusInd Bank, a couple of bulk deals were executed. BNP bought over 1.06 crore shares at a price of Rs 723.6 apiece in the one deal at deal size of Rs 772 crore. In another deal, it sold 7,969 equity shares at a price of Rs 728.15 apiece taking the deal size to 58 lakh. It was a net buyer at approximately Rs 771 crore.BNP Paribas Financial Markets was also a net seller of shares in Max Healthcare Institute. It sold over 82.90 lakh shares in the company at a total consideration of Rs 922 crore. The selling price of the shares was Rs 1,111.66 apiece. It also bought over 3.53 lakh shares at a price of Rs 1,125.02 per share, taking the deal size to Rs 40 crore. On the net basis, it sold Rs 882 crore worth of shares.Also Read: Force Motors bulk deal: BNP Paribas sells shares worth Rs 122 crore in multibagger stockShares of Max Healthcare Institute today ended the day at Rs 1,105 on the NSE, declining by Rs 18.40 or 1.64% over the Friday closing price. In another bulk deal, Aether Industries shares were sold by Goldman Sachs via Goldman Sachs FDS Goldman Sachs India Eq Portfolio. It sold over 11.51lakh shares at a price of Rs 735.01 per share. The total deal size was approximately Rs 85 crore.Shares of Aether Industries today closed at Rs 745.10, gaining Rs 10.40 or 1.42%.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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M&M sells Sampo Rosenlew stake to TERA
Mahindra and Mahindra (M&M) on Monday announced that it has entered into a share purchase agreement with Tera Yatirim Teknoloji Holding Anonim Sirketi (TERA) to sell its entire stake in Sampo Rosenlew Oy.Consequent to completion of the aforesaid transaction, SAMPO would cease to be a wholly owned subsidiary of Mahindra and Mahindra Limited. With a focus on new opportunities that garner long-term success for the company, M&M has planned this divestiture to enable SAMPO to pursue new pathways for innovation and growth building on its rich heritage and understanding of the Finnish market. "Sampo has contributed meaningfully to M&M since it became part of the group. Some of the technologies developed by Sampo have been instrumental in building M&M’s farm machinery capabilities," the company said in a regulatory filing.Sampo Rosenlew Oy was founded in 1853 to undertake manufacturing of high-quality Combine harvesters and Forestry machines. It has a manufacturing operations in Pori, Finland.The world’s largest tractor company by volume, M&M brags of a leadership position in farm equipment, utility vehicles, information technology and financial services in India. It also has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.
Sunteck Realty aims Rs 20k cr revenue from 2 new ultra-luxury housing projects in Mumbai, Dubai
Sunteck Realty Ltd will launch two new ultra-luxury housing projects in Mumbai and Dubai by June next year with an estimated revenue of Rs 20,000 crore, a top company official has said. Sunteck Realty will develop these two ultra-luxury housing projects under a by-invite-only real estate lifestyle brand 'Emaance'. "We are entering into the ultra-luxury residential segment under a new brand Emaance, derived from the fusion of two words Immense and Indulgence, where each apartment cost will not be less than Rs 100 crore," Sunteck Realty CMD Kamal Khetan told PTI. The cost of the apartment will be as high as Rs 500 crore, he added. To begin with, Khetan said the company is planning to launch two high-rise, ultra-luxury housing projects at Nepeansea Road, Mumbai, and Dubai Downtown, Burj Khalifa Community. This will be the company's first project outside India. "We are targeting to launch these two projects by June next year," Khetan said, adding that the gross development value of these two proposed projects would be around Rs 20,000 crore. Sunteck Realty already owns land parcels to launch these two projects. As the ranks of global billionaires and the ultra-wealthy expand, Sunteck Realty has noted a rise in appetite for such apartments. Residences under these two projects would be priced upwards of Rs 2.5 lakh per sq. ft, placing them among the most exclusive and expensive in the country. Sunteck Realty Ltd is one of the leading real estate developers in the country. The company has a development portfolio of about 52.5 million square feet spread across 32 projects. Sunteck Realty Ltd has reported a 47 per cent increase in its consolidated net profit to Rs 33.43 crore in the first quarter of this fiscal. Its net profit stood at Rs 22.78 crore in the year-ago period. Total income, however, fell to Rs 201.53 crore in the April-June period of the 2025-26 fiscal year, from Rs 328.01 crore in the corresponding period of the preceding year.
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