Petronet LNG falls as GDF sells entire 10% stake via block deal

The France-based investor will sell 75 million shares in block deals for up to $512 million

Petronet LNG shares fell as much as 3.4% to their lowest in over two weeks amid reporst that GDF International is set to offload its entire 10% stake in the company.
 
At 09:18 am; around 77.34 million equity shares, representing 10% of total equity of Petronet LNG exchanged hands on the BSE, the exchange data showed.

The name of the buyers and sellers were not ascertained immediately.
 
In an otherwise flat market, the stock price was quoting at Rs 426.90, down Rs 13.20, or 3% on the BSE at 10:18 am. The stock hit a high and