Shares of BSE dropped around 4% on Wednesday as the stock debuted to rival NSE’s benchmark index Nifty 50. The downturn came after Goldman Sachs and BNP Paribas sold more than 68 lakh shares of the stock exchange worth over Rs 2,186 crore through bulk deals.
Goldman Sachs Investments Mauritius I Limited sold 23.8 lakh shares of BSE at Rs 3,200 apiece, while BNP Paribas Financial Markets sold 44.52 lakh shares at a weighted average price of Rs 3,199.54 per share, NSE bulk-deal data showed on Tuesday. Together, the two entities sold more than 68.33 lakh shares, equivalent to around 1.67% of BSE's equity, for around Rs 2,186 crore.
