TCI Cyprus sells shares of Union Bank for Rs 40.80 cr

MUMBAI: TCI Cyprus Holding on Friday sold shares of public sector lender Union Bank of India for Rs 40.80 crore through open market transaction.

In a bulk deal transaction on the National Stock Exchange, TCI Cyprus Holding, a London-based hedge fund, sold 31.3 lakh shares of Union Bank of India at a price of Rs 130.36 a piece.

Shares of Union Bank of India settled at Rs 129.70, down 1.44 per cent on the BSE.