BNP Paribas buys nearly 9 lakh shares of Lloyds Metals for over Rs 161 cr

New Delhi, Jun 1 (PTI) Paris-based financial services company BNP Paribas on Monday bought nearly 9 lakh shares of Lloyds Metals and Energy from Morgan Stanley for Rs 161 crore through open market transactions.

BNP Paribas, through its investment banking and market division BNP Paribas Financial Markets, purchased 8,96,293 equity shares of Lloyds Metals and Energy, according to the block deal data available on the BSE.

The shares were picked up at a price of Rs 1,802.10 apiece, taking the deal value to Rs 161.52 crore.

Meanwhile, US-based Morgan Stanley, through its affiliate Morgan Stanley Asia (Singapore) Pte, offloaded the same number of shares.

Lloyds Metals and Energy shares rose nearly 1 per cent to close at Rs 1,815.60 apiece on the BSE.

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