Citigroup Global Markets acquires 42,05,081 shares in HDIL for over Rs 33 crore

18 Sep 2012

Foreign fund house Citigroup Global Markets (Mauritius) has acquired 42,05,081 shares in realty player Housing Development & Infrastructure (HDIL) for over Rs 33 crore through open market transaction.

The company has reported a fall of 40.94% in its net profit at Rs 123.47 crore for first quarter ended June 30, 2012 as compared to a net profit of Rs 209.06 crore for the same quarter in the previous year. The total income from operation of the company has decreased by 59.64% at Rs 217.72 crore for Q1FY13 as compared Rs 539.44 crore for the corresponding quarter previous year.

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