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Indiabulls Real Estate promoter sells shares worth Rs 342 cr

Indiabulls Real Estate promoter sells shares worth Rs 342 cr

New Delhi: Indiabulls Real Estate promoter group entity Kritikka Infrastructure today sold 1.45 crore shares of the realty firm for over Rs 342 crore through an open market transaction.

According to the bulk deal data available with NSE, the promoter offloaded 1.45 crore shares, or 3.05 per cent stake, of the realty firm.

The shares were disposed of at an average price of Rs 236.26 apiece, valuing the transactions at Rs 342.57 crore, the data showed.

The buyer(s) of the shares could not be ascertained immediately.
Shares of Indiabulls Real Estate ended the day on NSE at Rs 237.90, down 5.12 per cent from the previous close.

PTI