Bulk & Block Deals: Fidelity sells Tata Communications shares

MUMBAI: Companies such as Sobha, RBL Bank and Tata Communications saw bulk deals in Wednesday’s trade.

On Wednesday, the 30-share Sensex closed 0.58 per cent or 173.25 points higher at 29,893.96, while 50-share Nifty declined 0.49 per cent or 43.45 points to close at 8,748.75.

Mounting worries over spread of the coronavirus pandemic continued to take a toll on investor sentiment. This coupled with a likelihood of extension of the lockdown in the country beyond April 14, dragged the market lower. A longer lockdown would mean a bigger blow to the economy and businesses.

Here’s who bought what in some of the key bulk deals of the day:

>> Fidelity Investment Trust Fidelity Series Emerging Markets Fund and Fidelity EME Mkt Collective Pool sold 63,79,338 shares and 15,14,997 shares, respectively, of Tata Communications at Rs 235.01 each. As per the shareholding data, Fidelity Investment Trust Fidelity Series Emerging Markets Fund held 2.34 per cent stake in the company at the end of December quarter.

On the other hand, East Bridge Capital Master Fund bought and University of Notre Dame DU LAC bought 44,00,000 shares and 15,01,740 shares of the company at Rs 235 each. Tata Communications shares closed 13 per cent higher at Rs 265.90 on the NSE.

>> India Capital Fund sold 7,00,000 shares of Mangalam Cement at Rs 150 each, while Origin Engineers and RKS Distributors bought 1,50,000 shares each in the company at Rs 150 each, data from NSE showed. The company’s shares closed 2.08 per cent lower at Rs 148 on the NSE.

>> Sageone Investment Advisors sold 6,59,646 shares of Tourism Finance Corp at Rs 37.27 each. Tourism Finance Corp shares closed 8.08 per cent higher at Rs 37.45 on NSE.

>> Anamudi Real Estates lapped up 5,58,000 shares of Sobha at Rs 168.71 each. Data from BSE showed. Sobha shares closed 5 per cent lower at Rs 167.30.

Here are all the bulk deals on BSE:



Bulk deals on NSE: