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Federal Bank shares hit after 5 pct stake sold

FEDERAL-BANK-SHARES-HIT-AFTER-STAKE-SOLD:Federal Bank shares hit after 5 pct stake sold

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Reuters By Chikako Mogi</p>TOKYO
Last Updated : Jan 25 2013 | 4:04 AM IST
tokyo  August 28, 2012, 11:14 IST

tokyo  08 28, 2012, 11:20 IST

 

 

Reuters Market Eye - Federal Bank shares fall 1.9 percent after the BSE said 8.5 million shares in the lender, or a 5 percent stake, was sold via two block deals at an average price of 404.08 rupees for a total of around 3.4 billion rupees.

The shares were sold at a discount to Federal's closing price of 414.05 rupees on Monday.

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First Published: Aug 28 2012 | 11:14 AM IST

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