Swiss investment bank UBS Group on Friday bought shares of 29 companies through open market transactions. These companies include Fortis Healthcare, Max Financial Services, Reliance Industries, Blue Star, and Hyundai Motor India. UBS bought these shares for a total of ₹1,938 crore.
According to National Stock Exchange (NSE) block deal data, UBS AG bought shares of Fortis Healthcare worth ₹164 crore, Max Financial Services worth ₹144 crore, and Reliance Industries worth ₹138 crore.
Besides this, the bank also bought shares worth ₹120 crore of Blue Star and ₹103 crore of Hyundai Motor India. UBS also invested in One97 Communications, Zomato, Tata Consultancy Services (TCS) and other companies.
The total value of this transaction was ₹1,937.71 crore. However, UBS Group’s subsidiary UBS Principal Capital Asia Limited sold the same number of shares of the same 29 companies at the same price.
The impact of these news was visible in the stock market. Shares of Fortis Healthcare closed 3.19% lower at ₹615.50. Shares of Blue Star fell 4.11% to ₹1,840 and Reliance Industries fell 1.52% to ₹1,244.45.