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Moneycontrol > News > Business

Nov 27, 2012, 06.18 PM IST

Federal Bank falls after L&T Finance sells stake

Shares in private sector lender Federal Bank Ltd fall 2.5 percent after L&T Finance Holdings Ltd sold 7.99 million shares in the bank at an average price of Rs 453.37.

Source: Reuters

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Federal Bank falls after L&T Finance sells stake

Shares in private sector lender Federal Bank Ltd fall 2.5 percent after L&T Finance Holdings Ltd sold 7.99 million shares in the bank at an average price of Rs 453.37.

L&T Finance on Monday said it plans to raise about USD 65 million by selling its 4.7 percent stake in the bank, according to a source and a term sheet obtained by Reuters.

Dealers say less bids at top end of the price range for block sale is keeping the stock under pressure.

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Action in L&T Finance Holdings

Technicals
L&T Finance closes above 30-Day Moving Average of 79.07 today. Jun 19
Views
Hold L&T Finance Holdings: Parag Doctor Jun 19, 16:15
Views
Hold L&T Finance, target Rs 95-96: Rajesh Agarwal Jun 19, 16:00
Technicals
L&T Finance closes above 50-Day Moving Average of 77.71 today. Jun 18
Technicals
L&T Finance closes below 50-Day Moving Average of 77.54 today. Jun 13
Technicals
L&T Finance closes above 50-Day Moving Average of 77.56 today. Jun 12
Technicals
L&T Finance closes below 50-Day Moving Average of 77.54 today. Jun 11
Technicals
L&T Finance closes below 30-Day Moving Average of 79.28 today. Jun 10
Technicals
L&T Finance closes above 30-Day Moving Average of 79.26 today. Jun 07
Technicals
L&T Finance closes below 30-Day Moving Average of 79.20 today. Jun 05
Views
Hold L&T Finance, may rally 50% in 1-1.5 years: Sekhar Jun 04, 20:15
Technicals
L&T Finance closes above 30-Day Moving Average of 79.23 today. Jun 04
Views
Buy L&T Finance, says Sukhani Jun 04, 17:45
News
Have viable options to adhere to RBI clarification: L&T Fin Jun 04, 14:30
Technicals
L&T Finance closes above 50-Day Moving Average of 76.87 today. Jun 03
News
RBI to clarify new banking licence queries on June 3 Jun 01, 08:00
Technicals
L&T Finance closes below 50-Day Moving Average of 76.86 today. May 31
Technicals
L&T Finance closes below 30-Day,150-Day Moving Average today. May 29
Technicals
L&T Finance closes above 30-Day,150-Day Moving Average today. May 24
Technicals
L&T Finance closes below 150-Day Moving Average of 78.17 today. May 23

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