Citigroup Divests Over Rs 233 Crore Worth of Vodafone Idea Shares

Citigroup sold Vodafone Idea shares for Rs 233 crore on Wednesday via an open market transaction. Citigroup's Mauritius affiliate offloaded 19 crore shares at an average price of Rs 12.27. Ghisallo Master Fund LP acquired these shares. The transaction boosted Vodafone Idea's share price, which closed at Rs 12.71, a 2.67% increase.

Financial services company Citigroup on Wednesday sold shares of telecom company Vodafone Idea for over Rs 233 crore through an open market transaction.

US-based Citigroup through its affiliate, Citigroup Global Markets Mauritius, offloaded shares of Vodafone Idea through a block deal on the BSE.

Citigroup Global Markets Mauritius Pvt Ltd disposed of 19,04,25,000 shares of Vodafone Idea, as per the data on the BSE.

The shares were disposed of at an average price of Rs 12.27 apiece, taking the transaction value to Rs 233.65 crore.

Meanwhile, Ghisallo Master Fund LP acquired the shares of Vodafone Idea at the same price.

On Wednesday, shares of Vodafone Idea jumped 2.67 per cent to close at Rs 12.71 per piece on the BSE.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)