Goldman Sachs Sells Eternal Shares Via A ₹169 Cr Block Deal

What happened

Goldman Sachs Sells Eternal Shares Via A ₹169 Cr Block Deal, according to Inc42. Financial service giant Goldman Sachs has sold 53.4 Lakh shares of foodtech giant Eternal in a major block deal worth ₹168.7 Cr. According to NSE data, the investment bank, via its entity Goldman Sachs Bank Europe SE, sold the shares at ₹316 apiece to rake in the amount.

The investor offloaded the stake at a discount of more than 2.6% to the stock’s last closing price on Thursday. The shares that flooded the market were lapped up by Bank of America, via its affiliate BofA Securities Europe, for ₹168.7 Cr.

This is the second block witnessed by Eternal in the past two months. In early September, French financial services giant BNP Paribas and US-based hedge fund Millennium Management together sold over 9.9 Cr shares of the listed foodtech giant for a sum of ₹3,264.8 Cr .