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LIC Housing drops 9% to lowest in 8 months after multiple block deals
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India, Aug. 22 -- LIC Housing Finance fell as much as 9.36% to Rs.420.30 per share, its lowest in eight months after multiple block deals were struck in the counter today. Media reports indicated that some marque investors are likely to sell about 6.7% shares of LIC Housing Finance. Transaction was likely in the price range of Rs.425.15 to 449.50 per share.
As on 30 June 2019, Fidelity Investment Trust held 3.41% stake in LIC Housing Finance. Bank Muscat India Fund held 2.278% stake and Government Pension Fund Global held 1.831% stake in the company.
Shares of LIC Housing Finance plunged 14.05% in five trading sessions to its current market price of Rs.427.55, from a recent closing high of Rs.489 on Wednesday, 14 August 2019.
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