Orient Global has sold over 3% stake in Indiabulls Real Estate for nearly Rs 347 crore through an open market transaction. Orient Global Cinnamon Capital sold 1.64 crore shares or 3.46% stake in the company. The shares were offloaded at a price of Rs 211.01 apiece, valuing the transaction at Rs 346.62 crore.
However, UBS Principal Capital Asia bought 3.41% stake in the company for Rs 341.51 crore.
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.
