UBS Group AG Offloads Shares of Major Companies Worth Rs 4,961 Crore

UBS Group AG sold shares worth Rs 4,961 crore from seven companies, including Oil India and Dixon Technologies, via open market transactions. The sale was executed through its affiliate, UBS Principal Capital Asia, on the NSE. Other notable sales included shares of Rail Vikas Nigam, Zydus Lifesciences, and Vodafone Idea.

On Friday, Swiss financial giant UBS Group AG executed a significant sale of shares worth Rs 4,961 crore from seven companies, including Oil India and Dixon Technologies (India). These transactions were carried out via open market mechanisms.

UBS Principal Capital Asia, an affiliate of Zurich-based UBS Group AG, facilitated the sales through separate bulk deals on the National Stock Exchange (NSE). Bulk deal data from the NSE indicated that UBS offloaded shares worth Rs 972 crore in Oil India, Rs 904 crore in Dixon Technologies India, and Rs 797 crore in Rail Vikas Nigam Ltd.

Additionally, UBS shed shares valued at Rs 756 crore in Zydus Lifesciences, along with other scrips, including Vodafone Idea, Oracle Financial Services Software, and Prestige Estates Projects, totaling Rs 1,531 crore. Copthall Mauritius Investment also offloaded shares, affirming UBS's significant market moves.

(With inputs from agencies.)