NSE-BSE bulk deals: ICICI Bank sells 2% in I-Sec; DSP MF laps up shares of Sheela Foam

Mumbai: Among the key bulk deals, India’s second-largest private lender ICICI Bank sold 2 per cent stake in its stock broking and investment banking arm ICICI Securities for Rs 310 crore.

The bank now holds 77.22 per cent stake in ICICI Securities. The sale was a step towards meeting Sebi guidelines of 25 per cent minimum public shareholding requirement.

DSP Mutual Fund lapped up shares of Sheela Foam from its key promoter, while PPFAS Mutual Fund bought shares of Indian Energy Exchange (IEX) from Rural Electrification Corp (REC).

Meanwhile, of the frontline indices, Sensex rose 0.9 per cent to close at 39,467 points, while peer Nifty climbed 0.8 per cent to close at 11,655 points.
Here’s who bought and sold what in some of the key bulk and block deals of the day:
>> ICICI Bank sold 64,42,000 shares of ICICI Securities at Rs 480.95 per share.

>> DSP Mutual Fund bought 10,00,000 shares of Sheela Foam from promoter Tushaar Gautam at Rs 1,365 per share. DSP Midcap Fund held 3.19 per cent stake in the company at the end of June, while Gautam held 37.08 per cent.

>> PPFAS Mutual Fund A/c PPFAS Long-Term Value Fund bought 24,37,780 shares of IEX at Rs 190 per share, while REC sold 26,01,205 shares of the company at Rs. 190.12 per share. At the end of June, REC held 4.1 per cent stake in the company.

>> The Bombay Burmah Trading Co bought 2,24,000 shares of Wadia-group company National Peroxide from The Bombay Dyeing & Manufacturing Co at Rs 2,187.30 per share. The latter held 4.96 per cent stake in the company.

>> Central Bank of India sold 7,85,500 shares of Patel Integrated Logistics at Rs 31.08 per share.

Here are the BSE bulk deals :

Here are all the BSE block deals:

Here are all the NSE bulk deals: