BlackRock Unit Buys Shares Worth Rs 3.59bn Across Three Firms
POWER & RENEWABLE ENERGY

BlackRock Unit Buys Shares Worth Rs 3.59bn Across Three Firms

Global asset manager BlackRock’s affiliate, iShares Core MSCI Emerging Markets ETF, on Monday purchased shares of ACC, Acutaas Chemicals and TD Power Systems worth a combined Rs 3.59 billion through open market transactions.

According to NSE bulk-deal data, the ETF acquired 9.82 million shares of ACC, 9.68 million shares of TD Power Systems and 5.3 million shares of Acutaas Chemicals. The shares were bought at average prices of Rs 1,911.86 for ACC, Rs 1,852.12 for Acutaas Chemicals and Rs 759.08 for TD Power Systems. iShares, a global leader in Exchange Traded Funds with more than 1,600 funds, is part of BlackRock.

Details of the sellers were not disclosed by the exchange. On Monday, Acutaas Chemicals’ shares rose 10.18 per cent to close at Rs 1,875, ACC gained 5.46 per cent to finish at Rs 1,930 and TD Power Systems advanced 6.25 per cent to end at Rs 770.10 on the NSE.

In two separate bulk deals, the ETF offloaded 17.83 million shares of Rain Industries and sold 12.63 million shares of Orient Electric for a total of Rs 397 million via open market transactions. The disposals took place within a price range of Rs 106.13 to Rs 164.45 per share. Details of the buyers were not available. Shares of Orient Electric fell 12.95 per cent to close at Rs 158.50, while Rain Industries declined 3.82 per cent to end at Rs 108.

Global asset manager BlackRock’s affiliate, iShares Core MSCI Emerging Markets ETF, on Monday purchased shares of ACC, Acutaas Chemicals and TD Power Systems worth a combined Rs 3.59 billion through open market transactions. According to NSE bulk-deal data, the ETF acquired 9.82 million shares of ACC, 9.68 million shares of TD Power Systems and 5.3 million shares of Acutaas Chemicals. The shares were bought at average prices of Rs 1,911.86 for ACC, Rs 1,852.12 for Acutaas Chemicals and Rs 759.08 for TD Power Systems. iShares, a global leader in Exchange Traded Funds with more than 1,600 funds, is part of BlackRock. Details of the sellers were not disclosed by the exchange. On Monday, Acutaas Chemicals’ shares rose 10.18 per cent to close at Rs 1,875, ACC gained 5.46 per cent to finish at Rs 1,930 and TD Power Systems advanced 6.25 per cent to end at Rs 770.10 on the NSE. In two separate bulk deals, the ETF offloaded 17.83 million shares of Rain Industries and sold 12.63 million shares of Orient Electric for a total of Rs 397 million via open market transactions. The disposals took place within a price range of Rs 106.13 to Rs 164.45 per share. Details of the buyers were not available. Shares of Orient Electric fell 12.95 per cent to close at Rs 158.50, while Rain Industries declined 3.82 per cent to end at Rs 108.

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