Theleme Master Fund picks up HDFC Bank shares worth Rs 280 cr

Theleme Master Fund, a UK-based hedge fund, on Monday picked up more than 31 lakh shares of HDFC Bank for Rs 280 crore through an open market transaction. Morgan Stanley Asia (Singapore) PTE. - ODI offloaded 31,07,852 shares at an average price of Rs 901.

According to the block deal data available on NSE, Theleme Master Fund bought 31,07,852 shares of HDFC Bank at an average price of Rs 901 valuing the transaction at Rs 280 crore. Shares of HDFC Bank dropped 8.12 per cent to settle at 831 on NSE on Monday.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)