MoneyWorks4Me

IRB Infrastructure’s promoter entities offload stake

14 Sep 2012 Evaluate

IRB Infrastructure Developers’ two promoter entities have offloaded 1.2 crore shares of the company for more than Rs 147 crore through open market transactions.

Ideal Toll & Infrastructure, which held 1.06 crore shares or 3.19% stake in the company, sold 81.15 lakh shares while, Dattatray Pandurang Mhaiskar - who held 94.78 lakh shares amounting to 2.85% holding in the company, sold 38.84 lakh shares on the NSE. Mhaiskar also sold 47.98 lakh scrips on the BSE.

Further, HSBC Global Investment Fund A/C Indian Equity Fund has acquired 35.39 lakh shares of IRB Infrastructure for Rs 43.53 crore.    

Peers
Company Name CMP
Larsen & Toubro 3819.50
Kalpataru Projects 1390.30
NCC 135.00
Rail Vikas Nigam 197.10
KEC International 397.60
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