Economy
BSE share price dips 3% after Goldman Sachs and BNP Paribas stake sale
Livemint2h
THE BRIEF
1
BSE Limited shares fell nearly 3% to an intraday low of ₹3,075 on Wednesday following a large stake offload by foreign institutional investors.
2
Goldman Sachs and BNP Paribas sold a combined 1.67% stake in India's oldest stock exchange via bulk deals worth ₹2,186.44 crore, with mutual funds buying in.
3
The stake sale coincided with BSE's official entry into the Nifty 50 index, replacing IT major Wipro in the bi-annual index rebalancing.