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Business · Updated 16 Oct, 04:07 am IST

Goldman Sachs sells 53.4 lakh Eternal shares in ₹169 Cr block deal

Image: Inc42

Why it matters for readers: Explains a big, single trade that moved millions of rupees and involved major global banks.

  • Goldman Sachs sold 53.4 lakh shares of Eternal via Goldman Sachs Bank Europe SE at ₹316 per share.1
  • The block deal raised about ₹168.7 crore and the shares were acquired by Bank of America through BofA Securities Europe.1
  • The sale was executed at a discount of more than 2.6% to the stock’s previous close.1
  • This is the second sizable block transaction involving Eternal in two months, after BNP Paribas and Millennium Management sold shares earlier.1
  • Eternal’s stock has risen about 10% in the past three months and 16.2% year-to-date, with improving financial performance cited as a driver.1
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