Bank of America Securities on Thursday bought 2.95 lakh shares of Reliance Industries for about Rs 44 crore through open market transactions.
According to block deal data available on the National Stock Exchange (NSE), BofA Securities bought 2,95,600 shares of Reliance Industries through its subsidiary BofA Securities Europe SA. BofA Securities Europe SA is a subsidiary of Bank of America Corporation.
The transaction was valued at approximately Rs 43.62 crore and was executed at an average price of Rs 1,475.50 per share. Meanwhile, Hong Kong-based asset management firm Cadensa Capital sold the same number of shares at the same price through its arm Cadensa Master Fund. Shares of Reliance Industries closed 0.98 per cent lower at Rs 1,489.50 per share on the NSE on Thursday.
