American multinational Citigroup sells HDFC Bank's shares worth Rs 275 crore
Citigroup on Monday offloaded private sector lender HDFC Bank's shares worth Rs 275 crore through an open market transaction. Citigroup, through its arm Citigroup Global Markets Mauritius, sold 15,79,953 shares of HDFC Bank, as per the block deal data available on the BSE.
The shares were disposed of at an average price of Rs 1,742.6 apiece, taking the transaction value to Rs 275.32 crore.
Ghisallo Master Fund LP acquired the shares of Mumbai-headquartered HDFC Bank at the same price.
Shares of HDFC Bank fell 0.48 per cent to close at Rs 1,734.30 per piece on the BSE.
On October 19, HDFC Bank reported a 6 per cent increase in the September quarter net profit to Rs 17,825.91 crore on a consolidated basis.
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