Cinnamon Capital sells two per cent in Indiabulls real estate
has sold 94.62 lakh shares or nearly 2% stake in between October 25 and December 15, the company informed stock exchanges.
Post the share sale through open market in several tranches, Cinnamon Capital continues to hold 5.48% stake in the company. Cinnamon Capital had sold 1.06 crore shares or 2.24% stake in the company between October 5 and 24.
According to an earlier regulatory filing in May, Cinnamon Capital had bought 2.41 crore shares or over 5% stake in Indiabulls through open market between April 24 and May 4.