BPCL Trust sells BPCL shares worth ₹5,525 crore

Mumbai: BPCL Trust for investment in shares on Tuesday offloaded shares worth over ₹5525 crore in Bharat Petroleum Corporation Ltd (BPCL) through an open market transaction. According to a bulk deal on the National Stock Exchange (NSE), the BPCL Trust for Investment in Shares sold over 126.03 million shares of BPCL at a price of ₹438.41 apiece.

This translated into a total deal value of ₹5,525.42 crore.

Through a separate transaction, ICICI Prudential Mutual fund picked up 13.88 million shares of BPCL at an average price of ₹438.10 aggregating to Rs608 crore, the data showed.

According to the latest shareholding pattern, the Trust held a 7.33% stake in the company.