Today's Top Gainer
Note:Top Gainer - Nifty 50 More
Shares of LIC Housing Finance cracked ~8% in early trade after media reports suggested that 3.9cr shares representing 7.7% of the co.'s equity were traded in a block deal at Rs431/share.
According to a report by CNBC-TV18, Fidelity Management has likely sold stake, amounting to Rs1,261cr, in the co.
Economic Times earlier reported that some marquee investors were likely to sell ~6.7% shares of the co. According to the report, Fidelity Investment Trust held 3.41% in the company as on June 30, 2019, while Bank of Muscat India Fund and Government Pension Fund Global held 2.28% and 1.83%, respectively.
LIC Housing Finance Ltd is currently trading at Rs423.20 down by Rs40.5 or 8.73% from its previous closing of Rs463.70 on the BSE.