Citi sells stake in 6 firms

Jun 12, 2010 |

mumbai

Continuing its selling spree, global financial major Citigroup on Friday offloaded shares of seven domestic companies, including six Sensex firms like Reliance Industries and ICICI Bank, in block deals valued at Rs 109.6 crore.

Foreign fund house Citigroup Global Markets Mauritius sold a total of 8,54,633 shares in these companies. These shares were purchased by ABN Amro Bank NV, according to block deal data available with the BSE.
Apart from RIL and ICICI Bank, Citigroup also sold shares of Tata Motors (Rs 5.62 crore), Infosys Technologies (Rs 24.65 crore) and HDFC Bank (Rs 13.30 crore), among others.
According to the BSE data, Citigroup offloaded 3,19,150 RIL shares worth Rs 32.8 crore. Scrips in the country’s most valued firm were sold at a price of Rs 1,029 a piece.
The entity also sold shares worth Rs 7.97 crore and Rs 6.96 crore in HDFC and Axis Bank, respectively. On June 9 also, Citigroup had offloaded shares of 22 domestic companies, including 17 Sensex firms such as Reliance Industries, ICICI Bank, HDFC, Infosys, and Tata Motors, among others, in block deals valued at Rs 231.42 crore. Citigroup Global Markets Mauritius sold 47,02,805 shares in these companies. — PTI

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