You are here: Home » Markets » News » Market Update
Business Standard

Citigroup sells L&T Finance shares worth Rs 637 cr

Citigroup Global Markets Mauritius Pvt Ltd sold a total of 3,51,03,103 shares, amounting to 1.92 per cent stake, of L&T Finance.

Press Trust of India  |  New Delhi 

A Citigroup office is seen at Canary Wharf in London. Photo: Reuters
A Citigroup office is seen at Canary Wharf in London. Photo: Reuters

Citigroup today offloaded more than 3.5 crore of Holdings, financial services arm of the engineering major L&T, for a little over Rs 637 crore through an open market

However, the buyer (s) of the could not be ascertained immediately.


According to bulk deal data available with the NSE, Citigroup Mauritius Pvt Ltd sold a total of 3,51,03,103 shares, amounting to 1.92 per cent stake, of

The scrips were offloaded on an average price of Rs 181.51, valuing the at Rs 637.15 crore.

As of September quarter, Citigroup held over 10.04 crore or 5.51 per cent stake in the company.

In a separate bulk deal on the exchange, and GPE together sold over 8.1 lakh of staffing firm Teamlease for about Rs 153 crore.

Meanwhile, T Rowe Price International and International Discovery Fund purchased over 8.36 lakh of Temalease at Rs 1,885 apiece translating into a size of nearly Rs 158 crore.

First Published: Tue, November 21 2017. 20:15 IST
RECOMMENDED FOR YOU