BSE shares soar 4% after Goldman Sachs buys stake for ₹401 crore
Shares of BSE Ltd soared nearly 4 per cent in early trade on Thursday, a day after Goldman Sachs acquired stake for ₹401 crore through an open market transaction. The stock has zoomed nearly 15 per cent from Tuesday’s low of ₹5,090.
The US-based Goldman Sachs through its arm Goldman Sachs (Singapore) purchased 7.28 lakh shares of BSE Ltd at an average price of ₹5,504.42 per share, as per bulk deal data on the NSE.
Shares traded at ₹5,787.70 on the NSE as at 10.26 am, up 2.78 per cent, after hitting an intraday high of ₹5,850.
Total market capitalisation stood at ₹78,198.12 crore, according to NSE data.
BSE Ltd’s net profit doubled to ₹220 crore for the quarter ended December 2024, as per financial results reported earlier this month, and revenue jumped 94 per cent to ₹835.4 crore. The Q3 results cheered the brokerages to favour the stock, observing strong listing activity boosted the revenue.
