Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
01 September, 2015 09:23 IST
L&T Finance stake sale drags Federal Bank lower
Source: IRIS | 27 Nov, 2012, 12.03PM
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 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.



Federal Bank Limited   (Q,N,C,F)*

L&T Finance Holdings Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
HDFC Bank slashes base rate by 35 bps to 9.35% - 31-Aug-2015 19:56
OMCs cut petrol price by Rs 2/litre; diesel by Rs 0.50/litre - 31-Aug-2015 19:30
OMCs cut petrol price by Rs 2/litre; diesel by Rs 0.50/litre - 31-Aug-2015 19:30
OMCs cut petrol price by Rs 2/litre; diesel by Rs 0.50/litre - 31-Aug-2015 19:30
Strides Arcolab completes acquisition of Aspen's generic pharmaceutical business - 31-Aug-2015 15:13
Govt to infuse Rs 9.47 bn in Canara Bank - 31-Aug-2015 14:01
No significant impact of US court judgement on operations: Sun Pharmaceutical - 31-Aug-2015 10:12
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer