Foreign institutional investor Nomura Singapore completed the sale of 26,39,673 shares, corresponding to 1.5% of the private sector bank, today, according to information from NSE. The transaction was completed at an average price of Rs 232.30 per share, at a slight discount to the previous day’s closing price, which was Rs 233.85.
Previously, Nomura held 1.84% of the total 5.06% Foreign Institutional Investor (FII) shareholding on the counter, as recorded in the quarter ended June. In another separate transaction, foreign brokerage firm Maybank Securities acquired 26,39,673 shares of CSB Bank at an average price of Rs 232.3 per share.
Kerala-based CSB Bank has performed negatively, posting returns of over negative 25% in the previous year and returns of over negative 2% in calendar year 2022.
