In a notable market deal, BofA Securities has acquired shares worth ₹267 crore of Eternal, a speciality chemicals company, from Goldman Sachs. The bulk deal was executed on the Indian stock exchanges, drawing investor attention due to the rising demand in the speciality chemicals sector.
The transaction highlights strong interest from global financial institutions in Indian speciality chemical companies, which have been witnessing steady growth driven by exports, local demand, and increasing global supply chain diversification.
While Goldman Sachs offloaded its stake, BofA Securities’ move signals confidence in Eternal’s long-term business growth and market potential. Investors are now closely watching how this shift in institutional holdings will impact Eternal’s stock performance in the coming weeks.
Summary Table
| Detail | Information |
|---|---|
| Buyer | BofA Securities |
| Seller | Goldman Sachs |
| Company | Eternal |
| Deal Value | ₹267 crore |
| Sector | Specialty Chemicals |
| Transaction Type | Bulk Deal (Stock Exchanges) |
| Significance | Strong global interest in Indian chemical companies |
