Lavender Investments sells City Union Bank stake worth Rs 100 cr

Foreign investor Lavender Investments today sold 60 lakh shares of private sector City Union Bank for nearly Rs 100 crore, through an open market transaction.
According to the bulk deal data available with the NSE, Lavender offloaded 60 lakh shares amounting to 0.90 per cent stake in the bank.
The shares were disposed of at a price of Rs 166 apiece, valuing the transaction at Rs 99.60 crore.
The buyer(s) of the shares could not be ascertained immediately.
City Union Bank stock ended the day on NSE at Rs 170.70, up 3.33 per cent from the previous close.