City Union Bank has rallied 9% to Rs 78.95, hitting its record high, after a huge block deal executed in the counter on the Bombay Stock Exchange (BSE).
At 09:34 hours, around 24.8 million shares representing 4.6% of City Union Bank's total equity have changed hands at a price of Rs 77, the BSE data shows. However, the identity of the buyers and sellers could not be yet ascertained.
L & T Unnati Finance has a 4.55% stake in the bank as on March 31, the shareholding pattern data suggests.
The stock opened at Rs 73 and hit a low of Rs 72 so far. A combined 26.78 million shares changed hands on the counter till 1010 hours on BSE and NSE.
At 09:34 hours, around 24.8 million shares representing 4.6% of City Union Bank's total equity have changed hands at a price of Rs 77, the BSE data shows. However, the identity of the buyers and sellers could not be yet ascertained.
L & T Unnati Finance has a 4.55% stake in the bank as on March 31, the shareholding pattern data suggests.
The stock opened at Rs 73 and hit a low of Rs 72 so far. A combined 26.78 million shares changed hands on the counter till 1010 hours on BSE and NSE.
