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Morgan Stanley, Citigroup Invest ₹755 Crore in HDFC Bank – Key Details You Should Know!

Morgan Stanley and Citigroup bought 43.75 lakh HDFC Bank shares for ₹755 crore at ₹1,726.2 each. HDFC Bank shares closed 2.55% lower at ₹1,682.15.

Morgan Stanley and Citigroup acquired 43.75 lakh shares of HDFC Bank, totaling over ₹755 crore, through open market transactions on Thursday. Each share was bought at an average price of ₹1,726.2. Meanwhile, HDFC Bank shares fell 2.55% to close at ₹1,682.15.

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The transactions were part of a block deal involving Morgan Stanley and Citigroup affiliates purchasing shares of HDFC Bank, which is headquartered in Mumbai. This significant acquisition highlights the ongoing interest in India’s largest private sector lender by international financial institutions.

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Last week, HDFC Bank shares worth ₹543.27 crore were sold, continuing the trend of high-value transactions in the Indian banking sector. Such trades reflect the evolving investment landscape and changing positions of major foreign financial institutions in India.

HDFC Mutual Fund also made an investment by acquiring 8.44 lakh shares of JK Lakshmi Cement, equating to a 0.72% stake. The average purchase price was ₹785 per share, with a total transaction value of ₹66.25 crore, reflecting interest in infrastructure-related sectors.

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Additionally, MOFSL purchased a 1.53% stake in Eris Lifesciences, acquiring 20.79 lakh shares at an average price of ₹1,350.18 per share, totaling ₹280.70 crore. Eris Lifesciences shares ended slightly lower on the NSE, closing at ₹1,316 apiece, reflecting a marginal price movement.

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