Aktiebolaget Volvo (Volvo) on Thursday exited from Eicher Motors by selling remaining 3.71% stake for Rs 17.31 billion. Volvo sold 1,005,610 shares at a price of Rs 17,214.34 a share.

On the other hand, Citigroup Global Markets Mauritius picked 0.98% stake in the company for Rs 4.55 billion. Citigroup purchased 264,818 shares at a price of Rs 17,190 a share.

Shares of the company declined Rs 1027.4, or 5.64%, to settle at Rs 17,182.35. Total volume of shares traded on the bourses today was higher by 4,999.70% to 1,633,563 compared with 22-day average volume of 32,033.