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Citigroup today offloaded more than 3.5 crore shares of L&T Finance Holdings, financial services arm of the engineering major L&T, for a little over Rs 637 crore through an open market transaction.
However, the buyer (s) of the shares could not be ascertained immediately.
The scrips were offloaded on an average price of Rs 181.51, valuing the transaction at Rs 637.15 crore.
As of September quarter, Citigroup held over 10.04 crore shares or 5.51 per cent stake in the company.