BNP Paribas Arbitrage buys DHFL shares worth Rs 145 crore
On Thrusday, BNP Paribas Arbitrage Fund bought shares of DHFL worth over Rs 145 crore through open market transactions.
BNP Paribas Arbitrage Fund Thursday bought shares of DHFL worth over Rs 145 crore through open market transactions. On Wednesday, BNP Paribas Arbitrage had purchased shares of Dewan Housing Finance Corporation Ltd (DHFL) of Rs 153 crore.
According to bulk deal data available with NSE, BNP Paribas Arbitrage bought 49,00,000 shares of the housing finance firm at Rs 296.28 apiece for a total amount of Rs 145.17 crore. Shares of DHFL lost 3.91 per cent to settle at Rs 293.5.
Last Friday, the scrip of Dewan Housing Finance Corporation went into a tailspin on fears of a liquidity crisis, nosediving 42.43 per cent to end at Rs 351.55 on the BSE. Intra-day, it cracked 59.67 per cent to Rs 246.25 -- its 52-week low.
Shares of DHFL had bounced back sharply on Monday and ended nearly 12 per cent higher. On Monday, DHFL had asserted that it has not defaulted on any financial obligations and there has been no instance of delay in repayment of any liability.
"DHFL reiterated that the company has neither defaulted on any bonds or repayment of its financial obligations, nor has there been any instance of delay on any repayment of any liability," a company statement said Monday.
Watch This Zee Business Video Here:
DHFL slumped 23.5 per cent Tuesday as fears of liquidity crisis continued to haunt sentiments. On Wednesday, DHFL gained 1.32 per cent to close at Rs 303.4 apiece.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
Top 7 Large and Mid Cap Mutual Funds with Best SIP Returns in 5 Years: No. 1 fund has turned Rs 15,000 monthly SIP investment into Rs 20,54,384; know about others
11:08 AM IST