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​The asset management firm aims to sell 2,32,07,692 shares of the company. The floor price for stake sale has been fixed at Rs 345 a share.

"Parties to the proposed transaction (for which a binding memorandum of understanding had been signed earlier) have executed a Share Purchase Agreement and concluded the transaction," a BSE filing stated.

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As per Ace Equity data, banking stocks such as Karnataka Bank and UCO Bank have given over 100% returns to their investors at the same time.

Nifty settled at 17,075, dropping 0.44%, while Sensex ended below 58,000 levels. Meanwhile, India VIX dropped by 2%.

The Dow Jones Industrial Average rose 71.38 points at the open to 32,101.49. The S&P 500 opened higher by 22.24 points.

HAL shares today ended at Rs 2,504.75 on the NSE and were down by Rs 120 or 4.57%. The issue for the general category ended today. The OFS for retail category is tomorrow

The rupee ended at 82.2625 per dollar, compared with its previous close of 82.6550. The Indian currency aligned itself with peers like the Chinese yuan and the Thai baht, which rose around 0.5%.

“The market could find a range of around 17,200-16,950 levels in the next few sessions. The lower area of 16,950-16,900 is expected to offer support for the market during the present weakness. A decisive move above 17200-17250 levels is likely to bring strength in upside bounce,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

The tax-saving mutual funds are essentially equity-linked saving schemes that offer tax benefits to investors under Section 80C of the Income Tax Act, of 1961.