$HDFCLIFE

HDFC Life Insurance Company acquired shares worth Rs 153.3 crore in Motilal Oswal Financial Services through an open market transaction on June 8, while a promoter entity of NRB Bearings divested a 4.5 percent stake in the company. According to block deal data, HDFC Life purchased 18.2 lakh shares, equivalent to a 0.3 percent stake in Motilal Oswal Financial Services, at a price of Rs 842.50 per share. The sellers in the transaction were Motilal Oswal Healthcare Foundation and Motilal Oswal Foundation. The former sold 3.65 lakh shares worth Rs 30.75 crore, while the latter offloaded 14.55 lakh shares valued at Rs 122.58 crore. Following the transaction, shares of Motilal Oswal Financial Services declined 4 percent to Rs 821.15 on the National Stock Exchange. In a separate transaction, promoter entity Trilochan Singh Sahney Trust 1 sold 43.7 lakh shares, representing a 4.5 percent stake in NRB Bearings, through bulk deals. The stake sale was valued at Rs 170.43 crore, according to exchange data.