BNP Paribas Sells 14.7% Geojit Financial Stake; ICICI Pru Life, Bajaj Allianz Lead Buyers

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Moneycontrol•15-12-2025, 22:45
BNP Paribas Sells 14.7% Geojit Financial Stake; ICICI Pru Life, Bajaj Allianz Lead Buyers
- •BNP Paribas SA sold a 14.68% equity stake in Geojit Financial Services.
- •ICICI Prudential Life, Bajaj Allianz Life, Equity Intelligence, and founder George John acquired 13.6% of the Geojit shares at Rs 68 each.
- •Geojit Financial Services' stock rose 7.9% to Rs 75.44 amid high volumes after the transactions.
- •Corona Remedies closed 35.44% higher on its listing day, with Invesco Mutual Fund acquiring a 2.7% stake.
- •PPFAS Mutual Fund acquired units in Brookfield India RET, while Bharti (SBM) Holdings sold units.
Why It Matters: Major investors rebalance, shifting ownership & market interest.
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