Financial services firm BNP Paribas Arbitrage today divested 3.62 per cent stake in Future Consumer Enterprises (FCEL) for Rs 113.40 crore in an open market transaction.
According to the exchanges' bulk deal data, BNP Paribas sold 6 crore shares or 3.62 per cent stake in the Kishore Biyani-led company at a price of Rs 18.90 per share.
As of September 2015, BNP Paribas held 9.27 crore shares or 5.60per cent stake in the Future Group firm.
Meanwhile, Brussels-based Verilinvest hiked its stake in the company by purchasing 5.98 crore shares for Rs 113.20 crore.
The consumer-focused investment fund held 4.79 crore shares or 2.89 per cent stake in Future Consumer Enterprises (earlier known as Future Ventures India Ltd), as of September 2015.
Future Group operates Big Bazaar, KB's and EasyDay outlets across India.
Shares of FCEL today soared 8.59 per cent to settle at Rs 22.75 on BSE.
