L&T Finance sells its remaining CG Power stake for Rs 73 crore
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Mumbai, Aug. 17 -- L&T Finance Ltd on Monday divested its remaining 8.4% stake in CG Power & Industrial Solutions Ltd for Rs.73 crore, through open market transactions.
The bulk deal data available with the stock exchanges, L&T Finance Ltd sold 5.26 crore shares, or 8.4% stake. The shares were disposed of at an average price of Rs.13.96, valuing the transactions at Rs.73.45 crore.
The shares were bought by Blue Diamond Properties Pvt Ltd and Singularity Holdings Ltd, the bulk deal data from the stock exchanges showed.
On Friday, L&T Finance had sold 10 million shares of CG Power at an average price of Rs.13.53 apiece, amounting to a total of Rs.13.53 crore. Also on Friday, private equity firm KKR had sold part of its holding in CG Powe...
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