June 8, 2017 / 6:03 AM / a month ago

UPDATE-BUZZ-India's Petronet LNG falls; GDF sells 10 pct stake in co

1 Min Read

(Adds details on selling price)

** Petronet LNG shares fall as much as 3.6 pct to their lowest in over two weeks

** GDF International sells its entire 10 pct stake, or 75 mln shares, in Petronet LNG in block trades at 421 rupees a share, raising 31.5 bln rupees ($489 mln), IFR reports

** Sale price is a 4.3 pct discount to Petronet's pre-deal close

** Petronet shares trading 2.8 pct down as of 0552 GMT ($1 = 64.3875 Indian rupees)

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