Perpetual Asset Management is believed to have sold bulk of the shares of LOLC that traded on Tuesday.
A block of 1.97 million LOLC shares changed hands at Rs. 104.50 whilst overall 2.13 million shares traded for Rs. 223 million. Whilst latest holding is unknown as at 31 March, 2011, Perpetual held 2.79 million shares or 0.5% stake. LOLC closed at Rs. 104.10, down by Rs. 2.90.