Block deal: Goldman Sachs Funds sells 40.6 lakh shares in Restaurant Brands Asia for Rs 43 crore
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Goldman Sachs Funds sold 40.6 lakh shares worth Rs 43 crore in Restaurant Brands Asia (RBA) on Friday via block deal. The shares were sold at a price of Rs 105.53 apiece, which was at a discount of 1.30% to Thursday’s closing price of Rs 107 on the BSE. The information of buyers is still not available on the BSE. Goldman Sachs Funds - Goldman Sachs India Equity Portfolio, which offloaded its stake on Friday, held 1,10,12,628 shares or 2.22% in Restaurant Brands Asia as on March 31, 2024, as per the shareholding data available on the BSE. The stock on Friday jumped 6% intraday to hit the day's high of Rs 113.60 following the bulk deal before ending the session at Rs 111.25, gaining by Rs 4.25 or 3.97%. The stock has been a market laggard returning nearly 4% in the past 12 months. On the year-to-date basis, the stock has seen its share price erode by 3%. In contrast, Nifty has delivered nearly 26% in a 1-year period while 8% in 2024, so...