Citigroup sells stake in 17 Sensex cos

Global financial major Citigroup on Wednesday offloaded shares of 22 domestic companies, including 17 Sensex stocks like Reliance Industries and ICICI Bank, in block deals valued at Rs 231.42 crore (Rs 2.31 billion).

Foreign fund house Citigroup Global Markets Mauritius sold a total of 47,02,805 shares in these companies. These shares were purchased by ABN Amro Bank NV, according to block deal data available with the BSE.

Apart from RIL and ICICI Bank, Citigroup also sold shares of TCS (Rs 17.3 crore), Wipro (Rs 9 crore), and Infosys (Rs 5.5 crore) among others.

As per the BSE data, Citigroup offloaded 3,09,000 RIL shares worth Rs 31.14 crore (Rs 311.4 million). Scrips in the country's most valued firm were sold at a price of Rs 1,008 apiece.

The entity also sold shares worth Rs 16 crore (Rs 160 million) and Rs 14.73 crore (Rs 147.3 million) in L&T and ITC, respectively.

It offloaded scrips valued at nearly Rs 12.95 crore (Rs 129.5 million) in BHEL and shares worth Rs 12.67 crore (Rs 126.7 million) of ICICI Bank.

Citigroup also offloaded shares of Jindal Steel (Rs 11.09 crore), Hindalco (Rs 7.18 crore), NTPC (Rs 8.8 crore), ONGC (Rs 11 crore), SBI (Rs 5.03 crore), Hindustan Unilever (Rs 9.4 crore), Jaiprakash Associates (Rs 5.62 crore), Sterlite Industries (Rs 10 crore), Tata Steel (Rs 6.4 crore), Gail (Rs 8.14 crore), and IDFC (Rs 6.14 crore). Going by the BSE data, Citigroup sold scrips worth Rs 10.76 crore of HDFC Bank and Rs 5.67 crore of HDFC.

It also sold shares worth Rs 6.9 crore (Rs 69 million) of M&M.