BNP Paribas Arbitrage on Wednesday acquired 15 lakh shares of private sector lender Karnataka Bank for an estimated Rs 17 crore through open market transactions.
As per the bulk deal information with the bourses, BNP Paribas purchased 15 lakh shares (amounting to 0.79 per cent stake) of the private sector bank. The shares were bought at Rs 113.63 apiece valuing the transaction at a little over Rs 17 crore.
Last month, foreign investor Swiss Finance Corporation had offloaded 11.22 lakh shares of Karnataka Bank for around Rs 12 crore, while Religare Finvest had sold 12 lakh shares of the bank for an estimated Rs 13 crore. Morgan Stanley purchased a total of 27,03,751 shares of Apollo Tyres for Rs 63.37 apiece.
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