Ideaforge Technology Shares Surge 2.5% as Citigroup Snaps Up 6.65 Lakh Shares in Bulk Deal After Goldman Sachs Sells 6.5 Lakh
On Friday morning, shares of Ideaforge Technology Ltd increased by 2.5%. According to data from the National Stock Exchange (NSE), Goldman Sachs funds sold 6,49,507 shares, while Citigroup purchased 6,65,187 shares in a bulk deal.
The share price of Ideaforge Technology Ltd opened at ₹680.05 on the Bombay Stock Exchange (BSE), slightly above the previous closing price of ₹676.45. The share price then rose further to reach ₹693.
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Bulk deal data revealed that Goldman Sachs funds, specifically the Goldman Sachs India Equity portfolio, sold 6,49,507 shares of Ideaforge Technology on Thursday, October 10. The average price at which Goldman Sachs bought these shares was approximately ₹657.67, meaning the total value of the sale was nearly ₹4.3 crore.
In a separate bulk deal, Citigroup Global Markets Mauritius Pvt Ltd acquired 6,65,187 shares, as per the NSE bulk deal data. Citigroup bought these shares at an average price of ₹656, resulting in a total investment of around ₹4.4 crore for the shares purchased from Ideaforge Technology.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
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