Foreign fund sells stake in Ganesh Housing

Foreign fund offloaded stake in Ganesh Housing Corporation through a bulk deal at a discount to the market price on the National Stock Exchange (NSE). Merrill Lynch Capital Markets Espana SA SV sold 5,79,213 shares of the company at Rs 105.05 on March 13, 2015.

Foreign Institutional Investors held 10.49% or 34,28,000 shares of the paid-up capital of the company for the quarter ended December 31, 2014.

Ganesh Housing Corporation is engaged in the business of construction and real estate development in Ahmedabad.