Orient Global sells Indiabulls Real Estate shares worth Rs 347 crore

Orient Global sells Indiabulls Real Estate shares worth Rs 347 crore
24/02/2018 , by , in News/Views

Investment firm Orient Global has sold over 3 per cent stake in Indiabulls Real Estate for nearly Rs 347 crore through an open market transaction.According to the bulk deal data available with the BSE, Orient Global Cinnamon Capital sold 1.64 crore shares or 3.46 per cent stake in Indiabulls Real Estate.

The shares were offloaded at a price of Rs 211.01 apiece, valuing the transaction at Rs 346.62 crore, the data showed.The buyers included UBS Principal Capital Asia, which bought 3.41 per cent stake in Indiabulls Real Estate for Rs 341.51 crore.

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