Societe Generale, a French bank, purchased 1.43 lakh (143,365) shares of Tata Capital at ₹354.5 each, spending about ₹51 crore. At the same time, UK‑based investor Marshall Wace sold the same number of shares through its two funds.
What happened?
‑ Societe Generale bought the shares in a block deal on Friday.
‑ Marshall Wace off‑loaded its stake in two tranches via the Marshall Wace Investment Strategies‑TOPS World Equities Fund and the Eureka Fund.
‑ The sale came right after the three‑month anchor‑lock‑in period for the IPO ended on Jan 7.
Why is this important?
When the lock‑in expired, about 7.1 crore shares (around 2% of Tata Capital’s total) became free to trade. Large transactions like these can move the share price and signal how institutional investors view the company’s prospects.
Recent share performance
The stock closed at ₹359.85 on the BSE, up ₹5.20 (about 1.5%) from the previous day.
About Tata Capital
Tata Capital is a non‑bank financial company (NBFC) that offers loans and other financial services to retail, corporate and institutional customers. It is part of the Tata Group.
Disclaimer: This is not investment advice. Do your own research before making any decisions.