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The board of BPCL will meet on Tuesday, 16 March 2021, to consider a proposal for declaration of the second interim dividend for the FY2021.Earlier this week, BPCL Trust for Investment in Shares (BPCL Trust) liquidated its treasury shares worth over Rs 5,500 crore in BPCL.
According to the bulk deal data on Tuesday, 9 March 2021, BPCL Trust sold 12,60,33,090 shares (5.81% equity) of BPCL at Rs 438.41 each for a total of Rs 5,525 crore.
Separately, ICICI Prudential Mutual Fund (ICICI Prudential Value Discovery Fund) picked up 1,38,84,962 shares (0.64% equity) at Rs 438.10 each, aggregating to Rs 608 crore. Both the transactions took place on the same day on the NSE.
BPCL Trust sells shares worth ₹5,524 cr
March 09, 2021
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BPCL Trust on Tuesday sold 12.60 crore shares in open market through a bulk deal on the NSE at an average price of ₹438.41, valuing the deal size at ₹5,523.97 crore. As the deal was done at a much lower to the Monday s closing price, the stock crashed to a low of ₹437.75 on the NSE, but recovered slightly to close at ₹445.90, still down 4.46 per cent from the previous day s close of ₹466.70.
Earlier, a sub-committee of the board of directors of BPCL had approved the sale of 15.90 crore shares held by BPCL Trust for Investment in Shares.
Synopsis
After a long rough phase of underperformance, ICICI Prudential Value Discovery Fund is back with a bang. The scheme has being criticised by many investors and advisors for a stretched low-return phase.
After a long rough phase of underperformance, ICICI Prudential Value Discovery Fund is back with a bang. The scheme has being criticised by many investors and advisors for a stretched low-return phase. However, many investors who stayed invested in the scheme during the bad phase are reaping the benefits now. The scheme has offered 34.09% returns in the last one year compared to -3.32% returns in 2018 and 1.21% returns in 2019. The scheme made a