Business:  Big Swiss banker UBS Group AG made a big sale in the Indian stock market this week. On the last day of the week, it reduced its stake in 7 companies. The total amount of sale done by UBS Group was about Rs 5 thousand crores.

UBS Group made this sale on Friday through its subsidiary UBS Principal Capital Asia. UBS Principal Capital Asia sold shares of 7 companies including Oil India and Dixon Technologies (India) in separate bulk deals on NSE. The figure of sale made through open market transactions was Rs 4,961 crore.

Large scale sale of these shares also

According to bulk deal data available on NSE, UBS Principal Capital Asia sold Oil India shares worth Rs 972 crore. Similarly, it sold shares of Dixon Technologies worth Rs 904 crore and Rail Vikas Nigam Limited worth Rs 797 crore. Apart from them, shares of Zydus Lifesciences worth Rs 756 crore and Vodafone Idea, Oracle Financial Services Software and Prestige Estates Projects worth Rs 1,531 crore were sold.

384 crores invested in Bandhan Bank

On the other hand, UBS Principal Capital Asia also made purchases in many Indian stocks. On Friday, it bought 1.92 crore shares of Bandhan Bank for Rs 384 crore. Apart from that, UBS Principal Capital Asia and Copthall Mauritius Investment together bought shares of Prestige Estate worth Rs 10.90 crore. On the other hand, Copthall Mauritius Investment also sold shares of Prestige Estate worth Rs 378 crore.

Information about buyers of these shares was not available

Information about the buyers of shares sold by UBS Principal Capital Asia in Oil India, Dixon Tech, Rail Vikas Nigam Limited, Zydus Lifesciences, Vodafone Idea, Oracle Financial Services Software and Prestige Estate has not been revealed. Similarly, it is also not known who sold the shares of Bandhan Bank that were bought by UBS Principal Capital Asia.