BNP Paribas, a prominent financial services company, announced on Monday that it has acquired nearly a 1% stake in Hero MotoCorp for ₹1,035 crore through an open market transaction. The Paris-based institution, acting through its affiliate BNP Paribas Financial Markets, bought 19.52 lakh equity shares, representing a 0.97% stake, as indicated by bulk deal data from the National Stock Exchange (NSE).
The transaction, completed at an average price of ₹5,302.91 per share, was valued at approximately ₹1,035.16 crore. Details regarding the sellers of the shares were not disclosed on the exchange. Following the news, Hero MotoCorp’s stock price increased by 0.33%, closing at ₹5,345.50 per share on the NSE.
In a related action, BNP Paribas, via its subsidiary, also acquired over 1.06 crore shares, equivalent to a 1.36% stake, in IndusInd Bank for ₹772 crore through another open market transaction. The shares were purchased at an average price of ₹723.60 each, amounting to a deal value of ₹771.71 crore. Additionally, BNP Paribas sold 7,969 shares of IndusInd Bank at an average of ₹728.15 per share, generating proceeds of ₹58.02 crore. Consequently, IndusInd Bank’s shares rose by 3.07%, settling at ₹734.60 each on the NSE.
The report was published on September 29, 2025.
