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.
According to bulk deal data available with the NSE, 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.
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.
In a separate bulk deal on the exchange, Gaja Capital and GPE India together sold over 8.1 lakh shares of staffing firm Teamlease for about Rs 153 crore.
Meanwhile, T Rowe Price International and International Discovery Fund purchased over 8.36 lakh shares of Temalease at Rs 1,885 apiece translating into a transaction size of nearly Rs 158 crore.
However, the buyer (s) of the shares could not be ascertained immediately.
According to bulk deal data available with the NSE, 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.
Also Read
As of September quarter, Citigroup held over 10.04 crore shares or 5.51 per cent stake in the company.
In a separate bulk deal on the exchange, Gaja Capital and GPE India together sold over 8.1 lakh shares of staffing firm Teamlease for about Rs 153 crore.
Meanwhile, T Rowe Price International and International Discovery Fund purchased over 8.36 lakh shares of Temalease at Rs 1,885 apiece translating into a transaction size of nearly Rs 158 crore.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%