Several global financial institutions and an investment fund on Wednesday acquired a total of 1.77 crore shares, amounting to 6.82% equity, in a listed housing finance company through open market transactions worth ?1,664 crore.

According to bulk deal data available on the stock exchange, one major global investment firm, through its regional subsidiary, purchased over 1.42 crore shares (5.4% stake) in two separate trades. Another investment fund bought 17.90 lakh shares, while a European financial institution acquired 17.09 lakh shares, as per the data.

The shares were purchased at an average price of ?939.30 per share, bringing the combined deal value to ?1,664.55 crore. The shares were offloaded at an average price of ?939.42 per share.

Following the transactions, a prominent US-based private equity investor saw its stake in the company fall to 10.44% from 19.87%. Details of the other buyers were not disclosed.

Earlier in July, the same private equity investor had divested an additional 12.8% stake in the housing finance company for ?2,578 crore.

Shares of the housing finance company closed 6.90% lower at ?915.35 on the stock exchange.

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