Shares in India's top mortgage lender, Housing Development Finance Corp , fell as much as 1.8 percent in early deals on Tuesday after 16.5 million shares, or 1.12 percent of equity, changed hands at 643 rupees each on the Bombay Stock Exchange.
Identity of the buyers and sellers were not immediately known.
At 9:25 a.m. (0355 GMT), shares in HDFC were down 0.6 percent at 653 rupees after falling as low as 645.50 in firm Mumbai market .
On Monday, two sources with knowledge of the matter had said Citigroup had decided to reduce its stake in HDFC to about 10 percent from 11.4 percent via stock market deals. (Reporting by Manoj Dharra and Devidutta Tripathy; Editing by Ranjit Gangadharan)
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