Fidelity Investment Sells LIC Housing Finance Shares Worth Rs 821 Crore

Fidelity Investment Trust offloaded over 1.91 crore shares of LIC Housing Finance worth nearly Rs 821 crore through open market transactions.

According to data available with BSE, Fidelity Investment Trust through Fidelity Mid-Cap Stock Fund, Fidelity Overseas Fund, Fidelity International Fund, Fidelity Emerging Markets Fund in four transactions sold a total 1.91 crore shares at Rs 428.36 apiece, translating into a Rs 820.92 crore transaction.

In another transaction, Goldman Sachs Singapore bought 71 lakh shares of LIC Housing Finance for Rs 303.62 crore.

As per the shareholding pattern available on BSE, Fidelity Investment Trust held over 3.41 percent stake in LIC Housing Finance at the end of the June 2019 quarter.

Shares of LIC Housing Finance ended at Rs 412.85 apiece, down 10.97 percent on the BSE.