New Delhi, UK-based hedge fund Marshall Wace on Tuesday sold shares of One97 Communications and Shriram Finance at a combined value of Rs 426 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 Wace Investment Strategies - Eureka Fund sold 5.85 lakh shares of One97 Communications at an average price of Rs 425.05, according to NSE data.

Additionally, it sold 14.67 lakh shares of Shriram Finance at an average price of Rs 2,732.15 per piece.

Accordingly, the value of the combined deal is Rs 425.93 crore.

These shares of One97 Communications and Shriram Finance were bought by BNP Paribas arm BNP Paribas Financial Markets at the same price.

On Tuesday, shares of Shriram Finance closed 3.22 per cent higher at Rs 2,820, while shares of One97 Communications slipped 1.86 per cent to close at Rs 417.15 per share on the NSE.

In another transaction on BSE, Goldman Sachs sold shares of Paytm parent company One97 Communications for Rs 183 crore through an open market transaction.

US-based Goldman Sachs, through its affiliate Goldman Sachs (Singapore) Pte - ODI, disposed of 44.20 lakh shares, equivalent to 0.7 per cent stake in One 97 Communications.

The shares were sold at an average price of Rs 415.04, taking the deal value to Rs 183.45 crore.

Following the share sale, Goldman Sachs partially exited the fintech firm.

Details of the buyers could not be ascertained.

Shares of One97 Communications slipped 1.84 per cent to close at Rs 417.10 per share on BSE on Tuesday.