Citigroup sells L&T Finance shares worth Rs 637 crore

New Delhi: Citigroup on Tuesday 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 Rs637 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% stake, of L&T Finance.

The scrips were offloaded on an average price of Rs181.51, valuing the transaction at Rs637.15 crore. As of September quarter, Citigroup held over 10.04 crore shares or 5.51% 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 Rs153 crore.

Meanwhile, T Rowe Price International and International Discovery Fund purchased over 8.36 lakh shares of Temalease at Rs1,885 apiece translating into a transaction size of nearly Rs158 crore.