New Delhi, UK-based hedge fund Marshall Wace on Friday sold shares of One97 Communications and Shriram Finance at a combined value of Rs 419 crore through open market transactions.

Marshall Wace, through its arm Marshall Wace Investment Strategies – Eureka Fund, sold shares of One97 Communications, owner of the Paytm brand, and Shriram Finance Ltd through separate block deals on the National Stock Exchange (NSE).

Marshall Way Investment Strategies - Eureka Fund sold off, according to NSE data

5.85 lakh shares of One97 Communications at an average price of Rs 428.05 per share.

Besides, Marshall Way Investment Strategies - Eureka Fund also disposed of over 14.67 lakh shares of Shriram Finance at an average price of Rs 2,684.30 per piece.

This took the combined transaction value to Rs 419.09 crore.

Meanwhile, Paris-based financial services firm BNP Paribas, through its affiliate BNP Paribas Financial Markets, bought shares of One97 Communication and Shriram Finance Ltd at the same price, according to NSE data.

Shares of Shriram Finance closed 1.75 per cent higher at Rs 2,731.25 on the NSE, while shares of One97 Communications slipped 1.04 per cent to close at Rs 423.60 per share.