New Delhi, Nov 3 (PTI) Ubs Principal Capital Asia Ltd on Tuesday sold shares of IndusInd Bank worth nearly Rs 148 crore through an open market transaction.

On BSE, 23 lakh scrips of the private lender were sold at an average price of Rs 642.85 apiece.

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This translated into a total deal value of Rs 147.85 crore.

The shares of IndusInd Bank were purchased by BofA Securities Europe SA at the same price, block deal data showed.

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According to shareholding data of the lender for the September 2020 quarter, Ubs Principal Capital Asia is a public shareholder and held 3.22 per cent stake.

On BSE, shares of IndusInd Bank ended at Rs 646.75 apiece, up 3.13 per cent over the previous close.

Ubs Principal Capital Asia had last week offloaded IndusInd Bank's shares worth Rs 183.58 crore which too were picked up by BofA Securities Europe SA.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)