Indiabulls Real Estate’s promoter firm Kritikka Infrastructure sold 2.3 crore shares of the company for over 542 crore through open market transactions. The promoter offloaded 1.45 crore shares, or 3.05% stake, of the realty firm on NSE. The shares were disposed of at an average price of Rs 236.26 apiece, valuing the transactions at Rs 342.57 crore.
Kritikka Infrastructure sold another 85 lakh shares, amounting to 1.79% stake in the realty firm on BSE for an estimated Rs 199.94 crore. The shares were sold at an average rate of Rs 235.23 apiece. The promoter firm in-total disposed of 4.84% stake in the company.
Indiabulls Real Estate is India's third largest real estate company, with its focus on construction and development of residential, commercial and SEZ projects across major Indian metros.
