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22-Nov2017

Citigroup Global sells 3.5 crore shares of L&T Finance Holdings

Citigroup Global Markets Mauritius has sold 3,51,03,103 shares, amounting to 1.92% stake 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. The scrips were offloaded on an average price of Rs 181.51 per share.

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

L&T Finance Holdings is a financial holding company offering a diverse range of financial products and services across the corporate, retail and infrastructure finance sectors, as well as mutual fund products and investment management services, through its direct and indirect wholly-owned subsidiaries.




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