RBS acquires 29 lakh shares in eight cos for Rs 352 cr

RBS acquires 29 lakh shares in eight cos for Rs 352 cr Mumbai: The Royal Bank of Scotland (RBS) Tuesday acquired a total of nearly 29 lakh shares in eight companies, including Infosys, Adani Power and Essar Ports, for over Rs 352 crore.

RBS also bought scrips in SKS Microfinance, Glenmark Pharma, Adani Ports, Anant Raj Industries and Tata Motors's differential voting rights shares.

The shares were sold by ABN Amro Bank through various block deals.

According to information available with the stock exchanges, Royal Bank of Scotland Asia Merchant Bank Singapore Ltd bought a total of 28.82 lakh scrips in eight companies for Rs 352.58 crore.

Individually, RBS acquired 3.29 lakh scrips in Infosys for Rs 78.70 crore. The bank bought 1.2 crore shares of Adani Power in a deal worth Rs 58.41 crore and 40.8 crore scrips in Essar Ports for Rs 41.61 crore.

Besides, RBS purchased 8.15 lakh shares worth Rs 35.73 crore in Glenmark Pharma and it also bought 22.50 lakh shares for Rs 25.53 crore in SKS Microfinance.

PTI