18 April, 2014 13:33 IST
News
L&T Finance stake sale drags Federal Bank lower
Source: IRIS (27-NOV-12)
Comments  |  Post Comment

Federal Bank, a private sector lender fell on Tuesday as stake sale by L&T Finance Holdings weighed on the share price. Meanwhile, shares of L&T Finance Holdings rallied over 2%. 

According to media reports, L&T Finance Holdings sold 7.99 million shares in Federal Bank (Q,N,C,F)* at an average price of Rs 453.37.

Shares of  Federal Bank declined Rs 5.75, or 1.23%, to trade at Rs 463 at the BSE on Tuesday noon. Total volume of shares traded for the bank on the bourses today was sharply higher to 10,596,653 compared with 22-day average volume of 152,486.

On the other hand, L&T Finance Holdings' shares are trading at Rs 76.90, up Rs 1.65, or 2.19% at the Bombay Stock Exchange (BSE) on Tuesday noon.


News
FIIs hike stake in Dr Reddy`s Lab during March quarter - 18-Apr-2014 12:49
ICRA reaffirms 'AA' and 'A1+' ratings to Tata Power - 18-Apr-2014 12:46
FIIs hike stake in Apollo Tyres during March quarter - 18-Apr-2014 12:43
FIIs hike stake in Axis Bank during March quarter - 18-Apr-2014 12:40
First process patent granted to Insecticides - 18-Apr-2014 12:30
Saptarishi Agro Industries loss narrows in Jan-Mar quarter - 18-Apr-2014 12:29
Saptarishi Agro Industries loss narrows in Jan-Mar quarter - 18-Apr-2014 12:29
FIIs hike stake in JSW Holdings; DIIs reduce exposure - 18-Apr-2014 12:15
Liberty Shoes standalone quarterly profit zooms 4.39 times - 18-Apr-2014 12:11
Liberty Shoes standalone quarterly earnings soar 4.39 times - 18-Apr-2014 11:31
HCL Tech: How analysts read Q3 numbers - 18-Apr-2014 10:45
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   c9r4y5 into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Forums  |   E-mail  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer